Mount Waverley the top growth suburb in Melbourne, Victoria
Latest data from The Real Estate Institute of Victoria shows that Mount Waverley is the fast growing suburb for houses in Victoria.
Mount Waverley is growing at a fast pace due to high demand from families, particularly wealthy Chinese, looking for good schools (some of the best in Australia), pleasant environment, close proximity to transport and facilities.
Mount Waverley is second after Glen Waverley in searches from Chinese property buyers in www.myfun.com, http://ift.tt/1H5EAql Chinese language property website.
With the billions of Chinese investment forecast for Australian real estate over the next 7 year it is no wonder that this Mount Waverley a Chinese hot spot is growing so fast.
March Q 2015 growth suburbs
House Prices
Suburb | Mar-15 Median | Dec-14 Median | Quarterly Change |
MOUNT WAVERLEY | $1,185,000 | $990,000 | 19.70% |
BENTLEIGH | $1,182,500 | $1,000,000 | 18.30% |
BEAUMARIS | $1,280,000 | $1,100,000 | 16.40% |
BURWOOD | $1,120,000 | $965,000 | 16.10% |
TOORAK | $3,300,000 | $2,850,000 | 15.80% |
NEWPORT | $807,500 | $699,500 | 15.40% |
ESSENDON | $1,107,500 | $960,000 | 15.40% |
DIAMOND CREEK | $625,000 | $547,500 | 14.20% |
SURREY HILLS | $1,735,000 | $1,523,000 | 13.90% |
PORT MELBOURNE | $1,250,000 | $1,100,000 | 13.60% |
LALOR | $441,000 | $390,000 | 13.10% |
RICHMOND | $1,210,000 | $1,071,000 | 13.00% |
BLACKBURN | $1,100,000 | $975,250 | 12.80% |
BALWYN NORTH | $1,690,000 | $1,507,000 | 12.10% |
BRIGHTON EAST | $1,500,000 | $1,340,000 | 11.90% |
RYE | $472,500 | $423,500 | 11.60% |
BRIGHTON | $2,230,000 | $2,000,000 | 11.50% |
TRUGANINA | $411,000 | $370,000 | 11.10% |
WILLIAMSTOWN | $1,060,000 | $955,000 | 11.00% |
WANTIRNA SOUTH | $842,500 | $760,000 | 10.90% |
Unit Prices
Suburb | Mar-15 Median | Dec-14 Median | Quarterly Change |
CHELSEA | $535,500 | $447,500 | 19.70% |
EAST MELBOURNE | $650,000 | $550,000 | 18.20% |
BALWYN | $830,000 | $706,000 | 17.60% |
BRUNSWICK WEST | $489,000 | $417,500 | 17.10% |
BUNDOORA | $425,000 | $363,750 | 16.80% |
BRIGHTON | $1,010,000 | $865,000 | 16.80% |
DONCASTER EAST | $812,500 | $700,000 | 16.10% |
CHELTENHAM | $591,475 | $510,000 | 16.00% |
KENSINGTON | $565,000 | $490,000 | 15.30% |
CHADSTONE | $681,500 | $592,500 | 15.00% |
WEST FOOTSCRAY | $468,000 | $409,000 | 14.40% |
CAULFIELD NORTH | $672,500 | $592,000 | 13.60% |
HAWTHORN | $581,750 | $515,000 | 13.00% |
BRUNSWICK | $523,000 | $463,000 | 13.00% |
KEW | $690,000 | $616,000 | 12.00% |
PRAHRAN | $600,000 | $550,000 | 9.10% |
SEAFORD | $390,600 | $360,000 | 8.50% |
MOUNT WAVERLEY | $812,500 | $751,000 | 8.20% |
SOUTH YARRA | $607,500 | $562,000 | 8.10% |
GLENROY | $415,000 | $388,000 | 7.00% |
The post Mount Waverley the top growth suburb in Melbourne appeared first on Positive Connections.
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