Melbourne’s fastest-selling suburbs: Viewbank, North Warrandyte prime listing

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Viewbank has been topped Melbourne’s speediest property market, with homes usually flying off the cabinets in lower than three weeks.

Homes bought in a median of 17 days over the previous yr within the common suburb, which brokers say is being buoyed by leafy streets and prime colleges.

Realestate.com.au knowledge exhibits North Warrandyte and Seddon homes had been additionally snapped up at fast charges, notching gross sales at a median of 18.5 and 19.5 days respectively.

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8 Robern Parade, Viewbank is on the market.


11 Fortress Street, North Warrandyte was snapped up earlier in July.


Properties in Melbourne’s northeast dominated the listing of town’s fastest-selling suburbs, with speedy offers additionally recorded in Watsonia, Heidelberg and Heidelberg Heights.

Jellis Craig Eltham director Aaron Yeats credited Viewbank’s fast transactions to the world’s top-quality colleges.

“Viewbank School is especially very wanted, and even the native major college is very regarded,” Mr Yeats stated.

“It positively is promoting somewhat sooner than the suburbs surrounding and I believe the reason being the suburb and the college zone are fairly tight. So when properties do come up, persons are eager to purchase once they can.”

Brokers say the areas are more and more common for households.


Realestate.com.au chief economist Nerida Conisbee agreed, noting the fast-selling suburbs pointed in direction of robust curiosity in household properties.

“Notably with the suburbs within the northeast – they’re all areas which might be leafy and have nice entry to public transport, but in addition provide nice affordability,” Ms Conisbee stated.

Viewbank homes have a $980,000 median sale worth, in keeping with realestate.com.au knowledge.

Whereas she anticipated Victoria’s stage 4 actual property restrictions to increase the time properties spent available on the market, she stated it wasn’t curbing purchaser curiosity.

“The difficulty isn’t demand, as a result of we are able to see persons are nonetheless taking a look at homes,” she stated. “It’s simply more and more troublesome to make that transaction for the time being.”

Realestate.com.au chief economist Nerida Conisbee.


For models, Sunbury scored the quickest gross sales of the previous yr in a median of twenty-two days, adopted by Clifton Hill and Elwood at 27 days.

Blackbird and Wren Actual Property director Ben Roberts stated demand had been robust for a number of years for Sunbury models, which had been attracting first-home consumers and people trying to downsize.

5/54 Darbyshire Road, Sunbury bought in June this yr.


“It’s not unprecedented for a well-placed unit in Sunbury to promote after just some days or every week available on the market,” Mr Roberts stated.

He stated the market may see an upswing in fast-paced gross sales after lockdown, as budding first-home consumers who had been compelled to place their buying plans on maintain flooded again into the market.

christina.karras@news.com.au

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HOUSES

(Suburb, median variety of days on market)

1. Viewbank, 17

2. North Warrandyte, 18.5

3. Seddon, 19.5

4. Watsonia, 19.5

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5. Dingley Village, 21

6. Murrumbeena, 22

7. Heidelberg, 23

8. Woori Yallock, 23

9. Bayswater, 24.5

10. Heidelberg Heights, 24.5

UNITS

(Suburb, median variety of days on market)

1. Sunbury, 22

2. Clifton Hill, 27

3. Elwood, 27

4. Balaclava, 27.5

5. Balwyn North, 29

6. Bayswater North, 29

7. Bentleigh, 29.5

8. East Melbourne, 30

9. Ferntree Gully, 30

10. Kew, 30

Supply: realestate.com.au

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