Melbourne made a stunning comeback from the problems caused by multiple lockdowns in 2020 and is poised to do likewise in 2021.
Melbourne has performed remarkably well on price growth, despite all the pandemic-related disruptions.
Across the Greater Melbourne area, 94% of suburbs have recorded uplift in their median house prices in the past 12 months.
Three-quarters of Melbourne suburbs have risen more than 5% and a third of suburbs have increased by over 10%, a notable performance given multiple lockdowns in the past 12-18 months.
This revival in Melbourne markets, confirmed by the price growth data, is widely spread across the metropolitan area. A dozen different municipalities have multiple suburbs with rising sales activity, including inner, middle and outer ring precincts of the city.
This edition of Top 7 Melbourne Hotspots, features locations which have already shown an uplift and have the potential for further growth in the future.
To find out more, have a read of our new August 2021 edition of 7 Melbourne Hotspots.