Three-bed homes outperform all others

By Reporter 10 October 2014 | 1 minute read

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.

This property type recorded increases of 10.7 per cent in Toorak, 10.1 per cent in Thornbury and 9.9 per cent in Springvale.

The best suburbs for four-bedroom homes were MitchamMitcham, VIC Mitcham, SA, where this product grew by six per cent, and KewKew, NSW Kew, VIC, which recorded 5.4 per cent growth.

By contrast, the strongest rises for two-bedroom homes were just 3.6 per cent in BrunswickBrunswick, WA Brunswick, VIC and 3.4 per cent in Coburg.

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.

Three-bed homes outperform all others
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