Hi,
Just curious, has any suburb boomed, peaked then busted with the house price then staying lower than at its peak? The way it is, I seem to be reading all suburbs are currently averaging their highest peak price?? I'm wondering what correction (in $) some of the million dollar suburbs will be...
I'm restricting this to only within 40kms of Melbourne CBD....
The closest thing I ever heard of was Yarraville, but I might and possibly likely be completely wrong...it was one of the first suburbs to boom in the West, but I never quite liked how it was a truck thoroughfare....I noted that Maribrynong/Maidstone and Kingsville then took on the flow on effect and I think Yarraville became less popular? Not sure if the house prices went the same way?
Just curious, has any suburb boomed, peaked then busted with the house price then staying lower than at its peak? The way it is, I seem to be reading all suburbs are currently averaging their highest peak price?? I'm wondering what correction (in $) some of the million dollar suburbs will be...
I'm restricting this to only within 40kms of Melbourne CBD....
The closest thing I ever heard of was Yarraville, but I might and possibly likely be completely wrong...it was one of the first suburbs to boom in the West, but I never quite liked how it was a truck thoroughfare....I noted that Maribrynong/Maidstone and Kingsville then took on the flow on effect and I think Yarraville became less popular? Not sure if the house prices went the same way?