Midyear state of affairs: A closer look at the country’s markets
With market conditions changing at varying degrees across the country, seven experts from Property Investment Profession...
The highest capital growth in the Melbourne market was created by three-bedroom homes in the inner and middle suburbs, new data from the REIV shows.
The REIV analysis separates sales results across Melbourne into two-, three- and four-bedroom homes and one-, two- and three-bedroom units.
Of all housing types, three-bedroom houses recorded the strongest capital growth over the three months to June.
The best suburbs for four-bedroom homes were, where this product grew by six per cent, and , which recorded 5.4 per cent growth.
By contrast, the strongest rises for two-bedroom homes were just 3.6 per cent in Coburg.and 3.4 per cent in
In the unit sector, one-bedroom apartments in St Kilda East performed the best, rising by 7.5 per cent.
However, one-bedroom units recorded weak growth elsewhere in the city – the second best performer, Melbourne’s CBD, experienced an increase of just 2.4 per cent.