HOUSE prices have given vendors in Whittlesea suburbs mixed results in the past quarter.
The latest Real Estate of Victoria figures show the residential housing market was stable.
Melbourne’s median house price rose slightly to $530,000 from the June-quarter median of $525,000, REIV boss Enzo Raimondo said. Local winners were Doreen, Bundoora and South Morang. House prices dropped in Epping, Lalor and Mill Park, according to the REIV figures.
The best results were for houses in Doreen. Its median price hit $510,000 in the past quarter, up 4.6 per cent on the June-quarter median of $487,500.
The improvement took the price rise in Doreen to 8.7 per cent over the year so far.
In Bundoora, the September quarter’s median house price hit $505,500 – a 3.7 per cent increase on the previous quarter, making an annual increase of 1.5 per cent.
Median house sales in South Morang gained $2000, or 0.5 per cent, to record a $432,000 price tag in the September quarter and a 2.9 per cent gain over the year.
However, Lalor was hit hard. Median house prices slumped2.3 per cent from the last quarter to $360,000 and plummeted 6.5 per cent over the year.
Epping properties dropped 3.4 per cent from $381,500 in the June quarter to $368,500 in the September quarter, while house prices over the year rose one per cent.
Mill Park lost 1.2 per cent for the last quarter, with the median house price slipping $5000 to $400,000. There were too few sales in Whittlesea, Mernda and Thomastown to give reliable results.
