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Royal

Content Editor at Justprop.com.au, Sydney

Pakenham and Craigieburn Melbourne’s busiest property markets

8Mo ago 0 Replies 186 Views
A pair of Melbourne satellite suburbs have been revealed as the Melbourne’s busiest property markets in 2019. These are the postcodes that had the most sales across the city in 2019.

More homes changed hands in Pakenham (924) and Craigieburn (896) than in any other Australian postcode in 2019, new realestate.com.au data shows.
This equated to more than 5.5 per cent of all homes in the fringe suburbs.

Fellow affordable markets Point Cook (876 sales), Reservoir (657), Berwick (652), Tarneit (604), Werribee (602) and Sunbury (593) also had high housing turnovers last year.
According to source Houses in the outer-southeastern postcode had become even cheaper over the past year, with the median shedding 6.5 per cent to hit $485,000.

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