Tara Murray
Caroline Springs is one of the housing market areas benefiting from people looking to move slightly further out of the city new data has revealed.
The Real Estate Institute of Victoria data for the December quarter showed that the median house price in Caroline Springs jumped 10.9 per cent for the December quarter.
That was at the median house price in metro Melbourne is up 4.2 per cent on the previous quarter, with the median house price in Melbourne now $1.12 million.
The median house price in Caroline Springs is $827, 000.
YPA Caroline Springs director Joel Rawle said that Caroline Springs continues to be a popular suburb.
“Towards the end of last year and even January it has kicked off,” he said.
“The demand is strong. We are a five minute drive from St Albans and are a new suburb.
“People are wanting to get out of the city and are working from home.
“There’s family homes with three bedrooms and a study, four bedrooms and a study.
“It’s easy access to train stations, freeways. There’s good schools, shopping centres and swimming pools.”
Rawle said they were also seeing high demand for properties in neighbouring suburbs Burnside, Burnside Heights and Fraser Rise.
He predicts that the demand will continue to be high for a while to come.
“There’s more buyers than sellers at the moment,” he said.
“We’re getting a lot of inquiries in the area.”
Hillside (6.1 per cent) and Sunshine North (4.3 per cent) both also recorded higher median prices increases than the Melbourne average in the December quarter.
Kings Park, Sydenham and Taylors Lakes all had median house prices decrease in the quarter.
The data also showed the annual increase for a number of suburbs. The median house price in Brooklyn increased by 38 per cent last year.
Albion (23 per cent), Ardeer (15 per cent), Albanvale (12.8 per cent), Keilor Park (12.7 (per cent).
