High demand suburbs
January 27th, 2008 | by winsonlee || Top 20 Growth Suburbs (Annual) | |||||
| Dec 07 median | Dec 06 median | Annual Change | |||
| 1 | Blackburn | $745,000 | $455,000 | 63.7% | |
| 2 | Flemington | $597,500 | $377,250 | 58.4% | |
| 3 | Braybrook | $355,000 | $225,500 | 57.4% | |
| 4 | Burwood | $710,000 | $457,500 | 55.2% | |
| 5 | Essendon | $865,500 | $563,000 | 53.7% | |
| 6 | Carnegie | $851,000 | $556,250 | 53.0% | |
| 7 | Brunswick West | $680,000 | $445,000 | 52.8% | |
| 8 | St Kilda East | $860,000 | $578,000 | 48.8% | |
| 9 | Ringwood East | $462,500 | $313,500 | 47.5% | |
| 10 | Mount Waverley | $707,500 | $480,000 | 47.4% | |
| 11 | Coburg | $540,000 | $367,500 | 46.9% | |
| 12 | Seddon | $595,000 | $405,000 | 46.9% | |
| 13 | Caulfield North | $1,330,000 | $905,500 | 46.9% | |
| 14 | Glen Waverley | $687,000 | $470,000 | 46.2% | |
| 15 | Kew | $1,307,500 | $898,750 | 45.5% | |
| 16 | Woodend | $432,000 | $300,000 | 44.0% | |
| 17 | Altona North | $425,500 | $296,000 | 43.8% | |
| 18 | Gisborne | $387,000 | $270,000 | 43.3% | |
| 19 | Richmond | $789,000 | $551,000 | 43.2% | |
| 20 | Rosanna | $600,000 | $421,500 | 42.3% | |
| Note: Only suburbs where a minimum of 30 sales recorded in each quarter are included. | |||||
source : http://www.melbourneleader.com.au/article/2008/01/26/28369_mev_news.html
During my previous post I wrote about the median growth rate at major city like Melbourne, Perth, Sydney and Perth. Today I was looking at HeraldSun and they wrote about the median growth rate for individual suburb. I was suprise to see that there are 7 suburbs that growth rate is more then 50%. Blackburn achieve growth rate of 63.7% for the year of 2007.
