Pop­u­lar post­codes defy price de­cline

Sunday Herald Sun - - News - NATHAN MAWBY

MEL­BOURNE might be in the midst of a prop­erty mar­ket cor­rec­tion, but it’s still home to the na­tion’s most in-de­mand sub­urb.

More peo­ple look at homes for sale in Mid­dle Park than any other sub­urb in the coun­try, with 6058 peo­ple view­ing each prop­erty listed for sale.

And on the Morn­ing­ton Penin­sula Red Hill was the na­tion’s 10th most searched sub­urb, with 5034 peo­ple look­ing.

The fig­ures are high­lighted in realestate.com.au’s lat­est Prop­erty Out­look and show de­spite the gloom there are still parts of the city hold­ing their own, with both sub­urbs hav­ing recorded dou­ble-digit growth across the past 12 months.

The Prop­erty Out­look also showed prices in the city’s west were per­form­ing bet­ter than other parts of the city, par­tic­u­larly Mel­ton, up 16.2 per cent, Tru­gan­ina, 11.8 per cent, Footscray, 3.5 per cent, and Yar­rav­ille, 2.2 per cent.

A 3 per cent de­cline in Mel­bourne home prices is pre­dicted for the com­ing six months. OUR CHEAP­EST BEACH TOWNS, P33

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