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.
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.
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%