First National Real Estate News, Media Releases & Real Estate Industry updates locally & Australia wide
April 22, 2013 Leave a comment
Homeowners are reluctant to leave the most picturesque part of Melbourne, with very few house sales recorded in the hills over the past year.
REIV figures show a slight decline in median house prices to last month.
February 4, 2013 Leave a comment
AGENT TIPS BUYER CONFIDENCE TO RETURN AS YEAR UNFOLDS
This year will be a good one for the hills property market, despite a slow finish to 2012, says a leading Belgrave realtor.
First National Real Estate boss Rik Rushton said buyer confidence would return this year, heralding better house prices in the Yarra Ranges than the previous two years.
October 22, 2012 Leave a comment
Convenience and lifestyle are the keys to Upwey and Belgrave being the star performers in the latest real estate figures which show the median house price in Upwey grew from $430,000 in the June quarter, to $455,000 in the September quarter an increase of 5.80 per cent.
There were fewer than 15 sales in Belgrave during the quarter, so no official data was recorded.
May 3, 2012 Leave a comment
Latest property figures show the Belgrave area is the standout performer in the hills, with the suburb bucking the downward trend over January to March 2012.
The figures from the Real Estate Institute of Victoria show the median property prices for houses in Belgrave were $390,750, an increase of 6.7 per cent from the December 2011 quarter.
March 27, 2012 2 Comments
Prices skyrocket as families take the opportunity to change their lifestyle
House prices in the hills have exploded, with towns like Kallista enjoying a 50 per cent increase over the past five years.
The latest industry suburb scorecard shows that not only have values skyrocketed over the past five years, but last year alone the median house price in Kallista rose 7.8 per cent to $496,000.
The Patch went up 14 per cent to $490,000 and Olinda rose 13 per cent to $520,000.
March 14, 2012 Leave a comment
The Dandenongs are fast becoming a magnet for cashed-up families looking for lifestyle change, with some properties selling for well over $1 million.
A property in Kallista sold on Saturday, February 25, for $1.2 million to a family from the eastern suburbs.
Ranges First National director Rik Rushton said the Ridge Rd property had four bedrooms, three bathrooms, shed and a workshop and had been completely rebuilt over the past 18 months.
January 31, 2012 Leave a comment
Family-friendly Upwey has bucked Melbourne’s downward house price spiral and is the star performer in the hills, according to the latest house price figures.
The town recorded a 3 per cent increase in its annual median price last year and an 8.7 per cent median increase during the December quarter, according to recently released industry figures.
The December median house price in Upwey was $483,750 up from the September median of $445,000.
Upwey recorded fewer than 30 sales in the period, and other hills towns, including Belgrave and Monbulk, did not show up on the data because of their lack of sales.
September 20, 2011 Leave a comment
Hills property prices have skyrocketed in the past 10 years with Monbulk, Sassafras and Lysterfield topping the list.
The State Government released its Valuer General 2000-2010 median price figures with all local suburbs at least doubling, or in the case of Lysterfield tripling, in the past decade.
Ranges First National Real Estate director Rik Rushton said the figures were not surprising.
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