Craigieburn’s property boom continues unabated, the latest RP Data statistics reveal.
The property data and analytics company’s figures show 634 houses were sold in Craigieburn in the 2013-14 financial year, up by 22 houses on the previous year, with the median house value of $352,621 representing a 2 per cent growth in the past 12 months.
House prices in Attwood have risen by almost nine per cent in the past financial year, to $496,452, with 38 properties changing hands in the year to June 30.
Broadmeadows, Coolaroo and Jacana had similar growth of about 7 per cent, with median house values at $333,172, 288,524 and 329,919 respectively.
In Whittlesea, Lalor houses ‘performed’ well, with 237 sold, knockin
g up that suburb’s housing price by 6.4 per cent. South Morang remains one of the city’s most expensive suburbs, with a median house value of $444,828.
Compared to the rest of the state, neither Hume nor Whittlesea property markets were among the weakest or strongest in terms of growth.
RP Data spokesman Robert Larocca said home buyers looking to purchase something in Melbourne’s outer northern suburbs had the medium-to-long-term view of the market in mind.
“The outer suburbs are a very different market. Buyers … have the choice of a new home or an established one,” he said.
