Popular postcodes defy price decline
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