With Carrum Downs listed among Melbourne’s most affordable suburbs, it is little wonder that many properties in the suburb are snapped up within a week. Local agents said affordable prices and being located next door to more expensive beachside suburbs was leading to strong demand, especially from young families seeking their first home. The suburb has a median house price of $405,000, with the annual change rising a strong 12.4 per cent to June, according to the Real Estate Institute of Victoria (REIV).
Seaford, has been a “drive-thru” suburb for years, but, shock horror, it’s actually worth stopping in. In fact, look closely at its attributes and you’ll be wondering if Seaford is a new, absolute bargain version of Sorrento, and worth buying into. Most people driving or cycling along Nepean Highway only see the shopping strip. However, on the other side, hidden behind the banksia, is Seaford Beach, which was rated equal first as one of Melbourne’s cleanest beaches by the EPA for the summer of 2015-2016 (Sorrento rated 24th). Running parallel with the waterfront and...
Nearly 98 per cent of established properties in Frankston sold in the three months to March have done so at a profit for the seller. The strength of the municipality’s property market placed it seventh among Melbourne regions for the highest proportion of profit-making sales during that period, according to a CoreLogic Pain and Gain report. The windfall for sellers was not a surprise to local agents who have witnessed rising demand and strong results at the hands of a range of buyers seeking to enter the area.