The last 5 years have seen more volatility in the market than usual, primarily driven by the pandemic and its immediate aftermath where prices rose dramatically and then corrected.
Several suburbs have shown notable performances over the course of these years and these include:-
Ocean Grove – median house price of $980,000, up 41% over the past 5 years.
Highton – median house price $922,694, up 34% over the past 5 years.
Lara – median house price of $700,000, up 29% over the past 5 years.
Grovedale – median price $663,500, up 35% over the past 5 years.
Armstrong Creek – median price $673,500, up 25% over the past 5 years.
If you would like information on your suburb, or an obligation free appraisal of your home, please don’t hesitate to call our office and our dedicated team would be very happy to assist you.