Officer, on Melbourne's outskirts ranked first for Victoria's house price growth: REIV

Officer, on Melbourne's outskirts ranked first for Victoria's house price growth: REIV
Officer, on Melbourne's outskirts ranked first for Victoria's house price growth: REIV

Officer houses, according to the REIV December quarter data, had Melbourne's highest price escalation.

Prices grew 13.6% over the quarter with the median shifting from $550,000 to $625,000.

An example of a house in Officer which sold for the current median price is 7 Barnsley Road (pictured above).

Sold for $635,000, the four bedroom two bathroom Porter Davis designed home is 18 months old.

Situated in the hub of Timbertop an estate in Officer, the house features an enclosed theatre room.

The house's value has more than doubled since it was purchased off the estate in 2016 for just $280,000.

Officer, on Melbourne's outskirts ranked first for Victoria's house price growth: REIV

Another example of this median sale price being present in Officer is 6 Marwood Way (pictured above).

Also located within Timbertop, this four year old home was once a display home for the estate.

Sold for $625,000 the three bedroom two bathroom home features a double remote garage, breakfast bar and a home theatre system.

Located within minutes to the freeway and Beaconsfield shopping area the home saw a small price reduction since it's 2017 sale price of $662,000.

Officer, on Melbourne's outskirts ranked first for Victoria's house price growth: REIV

A case of the median sale price being displayed in house listings in Officer is 9 Oros Way (pictured above).

With an asking price of $590,000 - $640,000 the one year old home is located within the Lavender Estate.

The four bedroom two bathroom home is currently being leased at $1,825 per month until 17/10/2019.

Situated within walking distance to local schools, the hugely popular public transport, the house is a few minutes drive from the proposed retail precinct. 

Suburb Dec-18 Median Sep-18 Median Quarterly Change
OFFICER $625,000 $550,000 13.60%
Malvern East $1,760,000 $1,550,000 13.50%
THORNBURY $1,297,500 $1,152,500 12.60%
TAYLORS HILL $803,750 $739,750 8.70%
MOUNT MARTHA $1,102,500 $1,015,000 8.60%
HAWTHORN $2,217,500 $2,058,000 7.80%
BERWICK $720,000 $671,000 7.30%
CROYDON $770,000 $730,000 5.50%
ROWVILLE $838,000 $800,000 4.80%
FERNTREE GULLY $730,000 $700,050 4.30%
DIAMOND CREEK $786,550 $757,500 3.80%
CRANBOURNE EAST $575,500 $557,800 3.20%
GREENVALE $778,750 $760,000 2.50%
BRUNSWICK $1,024,500 $1,001,000 2.30%
CRANBOURNE NORTH $605,000 $591,600 2.30%
MOOROOLBARK $705,500 $690,000 2.20%
CRAIGIEBURN $571,500 $560,000 2.10%
RINGWOOD $880,000 $862,900 2.00%
MORNINGTON $775,000 $765,000 1.30%
ROSEBUD $590,000 $585,500 0.80%

Tags: 
House Price Growth Officer

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