Ashwood takes top spot for 2017 Melbourne hotspot for units

Ashwood takes top spot for 2017 Melbourne hotspot for units
Ashwood takes top spot for 2017 Melbourne hotspot for units

Ashwood takes the equal top spot as Melbourne's 2016/2017 hotspot for investing in units with an expected increase of six percent over the next 12 months.

The median price at Ashwood is currently $665,000, according to APM, in their forecast developed by APM senior economist, Dr Andrew Wilson.

Ashwood takes top spot for 2017 Melbourne hotspot for units

An example would be a two bedroom unit sold for $700,000 at 2/6 Murra Court, Ashwood, (above) an increase of $35,000 above the median price.

Ashwood takes top spot for 2017 Melbourne hotspot for units

Another similar two bedroom unit was sold for $690,000 at 1/7 Murra Court, Ashwood, (above) an increase of only $25,000 above the median price.

The Smart Investor magazine, published by Fairfax Media, ranked Box Hill South as second best hotspot.

Suburb                Postcode                   Median price                12 month forecast

Ashwood             3147                         $665,000                     6%

Box Hill South      3128                         $645,000                     6%

Beaumaris          3193                          $876,000                     5%

Malvern East      3145                          $515,000                      5%

Black Rock         3193                          $794,000                      5%

Balwyn North     3104                          $1,020,000                    4%

Glen Waverly     3150                          $702,500                       4%

Notting Hill        3168                          $363,000                       4%

Oakleigh           3166                           $550,000                       4%

Sunshine          3020                           $383,500                        3%

 

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Melbourne Investar

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