Northcote shining in Melbourne property market: Herron Todd White

Northcote shining in Melbourne property market: Herron Todd White
Northcote shining in Melbourne property market: Herron Todd White

A new report has noted housing market conditions in the suburb of Northcote as 'excellent', with median house prices at $943,000 rising 4.2% in the last quarter. The median sale price in the local apartment market, however, declined 1.81% for the quarter to $487,500.

The Herron Todd White June Month in Review report also noted suburb of Carnegie was noted for an 'impressive' residential housing capital growth rate of 7.19% for the financial year and the highest median sales prices for for the past three years in with a $1,277,500 March investment. 

Overseas investors have particular interest in prestige and off the plan investments in the Melbourne suburbs of Doncaster, Balwyn and Templestowe, often bidding against other potential purchases from overseas to enter the market above cost.

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Northcote shining in Melbourne property market: Herron Todd White

 

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Northcote shining in Melbourne property market: Herron Todd White

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

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Melbourne Investment

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