South Yarra Victoria’s most searched suburb for apartments on realestate.com.au
South Yarra Victoria’s most searched suburb for apartments on realestate.com.au
South Yarra Victoria’s most searched suburb for apartments on realestate.com.au
Victoria
01/04/2017, 6:00 am
01/04/2017, 6:00 am
Scott is a real-estate reporter with Melbourne's Herald Sun newspaper. He has also worked on News Corp's Leader Community Newspapers. Not yet a homeowner, he is an active participant in Melbourne's inner suburban rental scene, having recently relocated from Richmond to the north. He loves a good warehouse conversion and acquiring various odd looking pot plants and fine op shop wares from around the city.
South Yarra is the most searched suburb for apartments in Victoria on realestate.com.au
MELBOURNE’s most sought-after suburbs for apartments on realestate.com.au have been revealed by new data.
South Yarra was the most searched neighbourhood using the property website’s ‘buy’ section in the six months to February, with 5,000 more than anywhere else in Victoria.
St Kilda, Richmond, Port Melbourne and Southbank rounded out the top five.
Docklands, Hawthorn, Brunswick, Carlton and Elwood were the other most desired ‘burbs.
Residents of the complex at 3 Yarra St, South Yarra, have access to a rooftop terrace with city views.
The property at
1802/3 Yarra St, South Yarra, is on the market for $770,000-$800,000.
Advantage Property Consulting director Frank Valentic said property hunters often searched for their dream location but ended up having to make compromises.
“I think a lot of it is what people are aspiring to buy and sometimes they might have to push out further, increase their budget or change suburbs to realise their desired objectives,” he said.
“Most of the featured suburbs are in the inner south east, so they’re the areas that it looks like most people want to live. They’re all lifestyle locations with trendy cafes and shops. When people look at apartments they want that convenience of inner city living where you can pop up the road and have a latte and walk to most amenities.”
Mr Valentic added much higher house prices in all of the featured suburbs meant apartments also provided an entry point for buyers wanting to get in to a specific area.
REA Group chief economist Nerida Conisbee said the list showed opportunities for developers to capitalise on buyer interest.
“Particularly in Elwood where there is high demand yet no new development taking place,” she said.
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Source: real estate news and property market realestate.com.au