Sell with Confidence
Read More
News

Medium Density Housing Soars in Melbourne

By Matt Hurlston

The demand for medium density housing has increased in Australia and Melbourne is certainly joining the trend, according to Bankwest's Housing Density report, released on February 18.

Over the past 12 months, 87.1 per cent of medium density housing approvals in Australia have been from capital cities, perhaps reflecting the increasing demand to live in areas closer to strong infrastructure, schools and transport links.

It's for this reason that real estate in Carnegie and nearby Oakleigh is so popular with families and young couples.

A whopping 23,390 medium density housing approvals were granted in Victoria over the past year, demonstrating a 109.5 per cent growth rate on the figure five years prior, when there were 11,164 approvals over the same period.

An impressive 30.1 per cent of national medium density approvals – namely townhouses, units and semi-detached houses – were from Victoria.

Melbourne has been contributing to the trend, too. 

While 23.5 per cent of present dwellings in Victoria are medium density, 28.9 per cent of Melbourne properties fall into this category, highlighting the increasing popularity of the uniquely liveable city – particularly Carnegie and Malvern East real estate.

Whether you're after a semi-detached house or something larger, call Matt Hurlston at Ray White Carnegie if you're looking to buy Melbourne property.

Up to Date

Latest News

  • How to Stay Productive While Working From Home

    Article Source: Click Here The hybrid work model has become the dominant trend with many companies allowing employees to work from home part-time while coming into the office on designated days. This new structure requires employees to stay productive in different environments, and finding the right balance between home and … Read more

    Read Full Post