REX: Real Estate Exchange
Monitor the Australian Residential Property Market
Property Investment: Is It Time to Buy?
Saturday 29th September 2012People investing in property or upgrading the family home are expected to bolster Australia’s property market into 2010.
But plenty of economists are still warning that Australians are paying the highest ever house prices relative to income.
Even finance gurus like Rich Dad, Poor Dad author Robert Kiyosaki are saying the biggest-ever real estate bubble is about to burst. So how do people know if it’s the right time to dip their toe in and buy an investment property? Read on:
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Inner Melbourne Houses VIC Property Sales Figures
Dec 2012 - Mar 2013 (Interim Release)
Click on a Suburb below to view the sales statistics for the Suburb
| Suburb | Nr Sales | Median Sale | Property Price Index | ||
|---|---|---|---|---|---|
| Altona | 50 | $557,500 | Steady | $755,499 | Steady |
| Braybrook | 22 | $390,000 | 0.70%  | $599,914 | 0.02%  |
| Brooklyn | 9 | $465,000 | N/A | $639,993 | 0.02% |
| Docklands | 4 | $2,101,000 | N/A | Insufficient Sales | |
| East Melbourne | 4 | $2,625,000 | N/A | $1,040,965 | 0.01% |
| Footscray | 53 | $570,000 | 0.66% | $641,444 | 0.02% |
| Kingsville | 14 | $580,000 | 4.92% | $639,993 | 0.02% |
| Maidstone | 38 | $483,500 | 1.33% | $639,993 | 0.02% |
| Melbourne | 3 | $760,000 | N/A | $18,047,420 | 0.01% |
| Newport | 62 | $684,000 | 1.58% | $702,724 | 0.01% |
| Seaholme | 11 | $610,000 | N/A | $755,499 | Steady |
| Seddon | 36 | $652,250 | 1.68% | $641,444 | 0.02% |
| South Kingsville | 7 | $609,010 | N/A | $702,724 | 0.01% |
| Southbank | 2 | $1,751,100 | N/A | Insufficient Sales | |
| Spotswood | 13 | $620,000 | 3.58% | $702,724 | 0.01% |
*Median and Index calculations based on data available as of 22/04/2013.