Median house price soars in Mt Waverley

Median house price soars in Mt Waverley

by REBECCA DI NUZZO

WAVERLEY’S STATUS AS A PROPERTY HOT SPOT HAS BEEN CONFIRMED WITH THE SUBURB RANKING AMONG MELBOURNE’S TOP 25 SURBURBS FOR THE BIGGEST GROWTH IN HOUSE PRICES.

The median house price shot up 18.1 per cent to $980,000 in the year to March, eclipsing neighbouring Glen Waverley, to establish Mt Waverley as Monash’s star performing suburb, according to a CoreLogic RPData report.

Glen Waverley’s median house price grew 13.8 per cent to $990,000 in the same 12-month period.

Jellis Craig Mt Waverley agent Stephen Huang said the area’s Chinese community, elite schools, public transport options and The Glen made both suburbs popular with overseas buyers.

But the quieter streetscapes of Mt Waverley had become a major drawcard for families.

“For a lot of new migrants this (Mt Waverley) is the first choice,” Mr Huang said.

Source: Herald Sun

Are you thinking to buy a property in Melbourne? Maybe you are looking in Melbourne’s top top growth suburb Mount Waverley. Contact an Oak Laurel mortgage broker to find out your borrowing power.

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