July 17, 2014
Sale data for the past 12 months to the end of April 2014, show continued growth in median property prices for the majority of Boroondara suburbs.
Kew East and Mont Albert were standout performers, with an increase of 27.6% and 30.4% respectively. Median house prices for these suburbs are now over $1,370,000 for Kew East and $1,427,000 for Mont Albert . Both Balwyn and Balwyn North had excellent growth above 20%.
RP data also reported that whilst auction clearances were slightly down on last weekend, record prices were still being achieved. A four bedroom house (complete with tennis court) in Donna Buang Street, Camberwell sold at auction for a huge $2,735 million. RP data were quoted as saying “the market has built a solid basis for spring and continues to offer buyers good opportunity”.
Quality properties remain the focus for many buyers and Boroondara certainly has an abundance of this type of property. The amenities that can also be found in Boroondara remain highly sought after, including excellent schools – both public and private, public transport and shopping.
If you would like further information on any property within Boroondara, please contact me for a property report. A detailed RP data scorecard can also be provided on request. Call me, Michael Wren, on 9813 3522 or email email@example.com. Visit our website: www.mortgagechoice.com.au/michael.wren