Sales stronger in outer Melbourne metro

Sales stronger in outer Melbourne metro

Posted on Thursday, March 08 2012 at 4:25 PM

The Victorian Government’s release of its September 2011 quarter Victorian Property Sales Report has reported a 3.8 per cent fall in the state’s median house price, following a rise of 2.2 per cent the previous quarter.

Meanwhile the median price of Victorian units saw a 2.3 per cent decrease in the September 2011 quarter, despite a 2.4 per cent increase in the previous quarter.

In the Melbourne metro area house prices dropped a little further in the same quarter, down by 4.1 per cent for houses, however units appeared to hold stronger with a 2.1 per cent decline.

Nine of the 11 suburbs to see more than 100 sales for the September 2011 quarter were in the outer Melbourne metropolitan area. They include:

Reservoir (105), Pakenham (200), Berwick (199), Frankston (137), Werribee (110), Hoppers Crossing (138), Craigieburn (148), Sunbury (134) and Point Cook (128).

The other two suburbs with sales volumes exceeding 100 sales for the September quarter were from regional Victoria. They were Mildura (119) and Traralgon (107).

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