2010 Melbourne Top Growth Suburbs

[forumite]

The REIV has just released the Melbourne annual median house price for 2010, the strongest year for price growth since 2001, increasing by 20.4% ($95,000) from $465,000 in 2009 to $560,000 in 2010.

The star performer is Altona, with median house price surging by 34.7% ($169,000) to $656,000, followed by Keilor East and Heidelberg Heights. The top 20 suburbs for capital gain can be seen here:
http://www.reiv.com.au/news/details.asp?NewsID=1041 or
http://altonabeauty.blogspot.com/2011/02/2010-melbourne-top-growth-suburbs.html

Coverage by Herald sun:
http://www.heraldsun.com.au/news/vi...roperty-heats-up/story-e6frf7kx-1226008836500

 

[buzzlightyear]

I guess what interests me, is given we had a distinct difference in the market between the first and second half of 2010, is the 2nd half slowdown now going to be an entire year phenomenon for 2011? And what areas/regions are going to perform above the market averages in 2011.

Auction rate clearance is close to normal but a little higher than the end of last year where clearance rates for Melbourne at least touched low to mid 50's.

 

[Wunderbar]

Great, more median house statistics to mislead fellow posters! I love this

 

[Giddyup]

Its funny how the REIV dribble out bits of misinformation in a desperate attempt to look after their own.

REIV had this data a long time ago. Last month they said the av house price was above $600k in 2010, now they trot out some av suburb prices for 2010. There is a reason why they have included no data from 2011, its because the market has tanked since mid last year. This time last year clearance rates were around 80%, now they are 60%, but yet REIV say 'There's nothing going on, please carry on buying, the market is still going up, agents cant make loads of money unless you buy'.

Each piece spruiking that the REIV releases make them sound more and more desperate to prop up a faltering market. Its a sure sign a correction is on its way.

 

[Indifference]

Great, more median house statistics to mislead fellow posters! I love this

100% Agree...

Where's the upper/lower quartile figures? oh, that's right, if they publish those in the article, people might catch on to what really happened.....

 

[meconium]

100% Agree...

Where's the upper/lower quartile figures? oh, that's right, if they publish those in the article, people might catch on to what really happened.....

I suspect that those buying in the lowest decile will do extremely well.

If you are indifferent to property, why are you here, i wonder? hehe

 

[Indifference]

I suspect that those buying in the lowest decile will do extremely well.

If you are indifferent to property, why are you here, i wonder? hehe

Well, if you really are meconium (the stool of a newborn infant) why is it that you can talk....

 

[imonmyway]

I just wish they would publish sale prices of houses rather then undisclosed i live in altona and the last 3 houses that sold near mine have all been undisclosed.