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An update on local property movements

Real estate & property news
22 May 2021
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We all know that there’s been a lot of media commentary in recent months on the strong rise in property values across Melbourne. As you may have read, data from the REIV showed that Melbourne’s median house price hit $1 million in the March quarter of this year, the first time this has happened.

This figure came as a result of the Melbourne market experiencing its highest quarterly increase since the December quarter of 2009. However, you might be more curious to know what the property value figures look like in your own neighbourhood for the March quarter.

So, here’s a brief summary of the quarterly growth in median property prices according to the REIV for several key suburbs in the Frankston area:

Carrum Downs – up by 6.2%

Frankston – up by 9.8%

Frankston North – up by 13.1%

Frankston South – up by 12.3%

Langwarrin – up by 6.5%

Seaford – up by 9.5%

Skye – up by 18.0%

As you can see, many of the bayside suburbs recorded some very impressive growth numbers in the first three months of the year. Of course, it’s important to remember that figures like these are an indication of overall trends in your area, rather than specific information about the value of individual properties.

So, if you are interested in knowing how much more your own home could achieve in the current strong market conditions, we are more than happy to provide you with an obligation-free (and cost-free) update. So why not give us a call at Barry Plant Frankston this week on 9781 3100.

Best wishes,

Barry Plant Real Estate

Frankston & Cranbourne

Real estate & property news
22 May 2021
Save Article

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