Domain have just released the 10 Melbourne suburbs that experienced high price growth over the last 12 months, ranging from a high 16% to an extraordinary 31% !
Notably the list does not include any inner core suburbs where tall towers are being built and buyers responding to the developers Off-The-Plan apartment pitch.
Some of our clients over the last year or two will be also very pleased as we bought for the in Blackburn, Cheltenham, and Boronia.
With the ending of Off-The-Plan stamp duty concession for developers on 1 July 2017, we predict a shift of investor interest to established units, that we have always favoured, Time to buy is before 1 July.