Toggle Menu Header



Content Editor at, Sydney

Melbourne‘s bulletproof suburbs where sellers are making bank

8Mo ago 0 Replies 161 Views
Peace of mind is essentially assured for homeowners in the Macedon Ranges, Moorabool, Melton and Wyndham, with new research identifying the fringe regions as Melbourne’s most bulletproof markets.

Not one seller lost a cent on a house or unit deal in a region on Melbourne’s fringe for most of last year, and vendors in several other areas also made stellar profits. See our bulletproof suburbs.

This was the case for the previous two quarters as well.
Vendors in Moorabool, Melton and Wyndham enjoyed almost flawless profitmaking rates above 98 per cent in the September quarter, and those in Casey, the Mornington Peninsula, Frankston, Cardinia, Banyule and Hobsons Bay, above 97 per cent.

Across greater Melbourne, 93 per cent of homes sold in the period for more than their owners originally paid.
This was up from 92.2 per cent in the previous quarter, but down from 95.2 per cent a year prior.

Sellers in the Casey region remarkably earned the biggest total profit by value in the September quarter: a combined $621.23 million. Those in blue-chip Boroondara made the highest median profit of $571,500 per sale.

A “weak performance of unit resales” made the CBD Melbourne’s least profitable market. Almost 33 per cent of homes sold for less than the vendors paid for them, equating to a total loss of $69.85 million.

Citywide, CoreLogic found Melbourne houses had a higher profitmaking rate that units, at 96.6 per cent versus 85 per cent.


Macedon Ranges: 100% of sales made a profit / $380,000 median profit / $71.55m total value of profit.
Moorabool: 98.9% / $219,500 / $54.1m
Melton: 98.3% / $225,000 / $267.33m
Wyndham: 98.2% / $291,450 / $456.89m
Casey: 97.4% / $288,500 / $621.23m
Mornington Peninsula: 97.4% / $321,000 / $597.86m
Frankston: 97.4% / $244,000 / $327.43m
Cardinia: 97.4% / $235,000 / $218.33m
Banyule: 97.3% / $393,500 / $253.65m
Hobsons Bay: 97% / $282,000 / $189.98m


Share on:
Tags: Melbourne

Top Contributors Last 30 days

1 InvestAus
2 Anuj
3 Anjali

Related Posts

VIC: Good property manager in Melbourne

Hi , Looking to rent out a unit in Windsor in Melbourne. Can anyone recommend a good Property Manager? Tenks!
3Mo ago 72 Views

VIC: Melbourne home buyers have a new priority of an extra room or study while buying a new property amid COVID-19

Melbourne home buyers have a new number one priority when searching for a property. The working from home trend amid the coronavirus pandemic means an extra room or study is now a top selling point. “We are seeing a lot of interest in people saying ‘I’m working from home,’ and needing to be able to set up their home office to take advantage of that,” Stephen Dullens from Ray White said. The problem for buyers is there are not enough properties on the market with the extra space. More details at: x The new priority for homebuyers amid the coronavir... Many Australian homebuyers have a new number one priority when searching for a property.
3Mo ago 168 Views

Melbourne: House price falls predicted due to COVID-19 could open the door for first-home buyers.

Home value falls of about 10 per cent have been predicted by a range of property experts. With a 10 per cent drop a typical house could also become about $65,000 cheaper in Gembrook, Gladstone Park, Gowanbrae, Keilor Downs, Seabrook and Sunshine North, and $64,000 cheaper in Caroline Springs, Derrimut, Hillside, Monbulk, Point Cook, Sunshine West and Wandin North. Property researchers NAB and Finder, as well as the Victorian Treasury, have forecast a typical Melbourne house would shed 9-10 per cent in value due to the pandemic. First-home buyers Jess Borg and Jordan Hochkins said government incentives helped them buy their first property in Lilydale earlier this year. “It’s a brand-new townhouse so we get the first-home owner grant,” Ms Borg said. Source: x The suburbs COVID-19 could return to first-home bu... First-home buyers could cash in on predictions Melbourne house prices will tumble, with research showing a 10 per cent fall would put 30 previously pricey suburbs back on their shopping list.
3Mo ago 183 Views

VIC: Melbourne’s home values have been hard hit by Coronavirus

Melbourne’s property values are worst hit by coronavirus in the country. A 0.9 per cent fall in house and unit values in May made the city the nation’s worst-performing capital for the second month in a row. It comes off the back of the city’s median home value hitting a record high just prior to the pandemic “I think the Melbourne market responding to greater exposure to drops in overseas migration, foreign student numbers and construction activity,” Mr Lawless said. “This is probably playing out in Melbourne more than any other city.” “In the next couple of months we’ll probably still see some further modest declines in housing values, but consumer sentiment is consistently improving,” Mr Lawless aid. Melbourne’s more affluent areas including the inner south and inner suburbs were the hardest hit in May, with 1.4 per cent and 1.3 per cent home value falls respectively. However they fell just 0.1 per cent in the outer west and 0.3 per cent on the city’s north west fringe last month. Get more details at: x Coronavirus: Melbourne suffers worst home value lo... Coronavirus has hit Melbourne home values harder than any other Australian capital city. But experts say the market has still fared better than expected and are second guessing dire forecasts.
3Mo ago 63 Views

VIC: Suggestions for good suburbs in Melbourne

Hi everyone My husband recently got job in Melbourne and he moved to city this Sunday. I am also planning to move to Melbourne asap. Can anyone please advise some good, affordable and safe suburbs. We both have no idea about Melbourne and really need some advice. My husband's office is in the CBD. Suburbs with good schools will be great as we have a school going child.  Thanks 
3Mo ago 74 Views

VIC: Melbourne’s auction market has gone digital amid the COVID-19 pandemic

1464 Melbourne auctions scheduled this week went ahead digitally. But Anywhere Auctions managing director Garry Giritharan expected bigger volumes of online-only auctions over the coming weeks. Anybody can watch live auctions via the Anywhere Auctions website and app by entering their name, email address and phone number to make a profile. On auction day, the participant watches a live stream of the auctioneer and types their offers in full dollar amounts (eg. $750,000) into the “place your bid” box. The auctioneer calls out the bid if it is accepted as the highest offer at the time. When the hammer comes down, the selling agent calls the winning bidder to instruct them on how to digitally sign the contract of sale. Get more details here:|slot_1
3Mo ago 70 Views
6 online
FCI Cost
kinjalkumar patel
Arun Ghimire
Pankaj Nagpal
and more ...