Sunshine (VIC) experiences 22.2% Capital Growth in Dec Qtr 2019
THE RIPPLE EFFECT EXPLAINED
𝗧𝗛𝗘 𝗥𝗜𝗣𝗣𝗟𝗘 𝗘𝗙𝗙𝗘𝗖𝗧: 𝗪𝗵𝗮𝘁 𝗲𝘅𝗮𝗰𝘁𝗹𝘆 𝗶𝘀 𝘁𝗵𝗶𝘀 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗽𝗵𝗲𝗻𝗼𝗺𝗲𝗻𝗼𝗻?
This is where capital growth radiates out from gentrifying or high growth suburbs, and then spreads to adjoining lower priced suburbs. With Melbourne’s median house price surpassing $850,000 for the first time, the Victorian property market returns to strong capital growth.
𝗦𝗼 𝘄𝗵𝗮𝘁 𝗱𝗼𝗲𝘀 "𝗧𝗵𝗲 𝗥𝗶𝗽𝗽𝗹𝗲 𝗘𝗳𝗳𝗲𝗰𝘁" 𝗺𝗲𝗮𝗻 𝗳𝗼𝗿 𝗔𝗹𝗯𝗶𝗼𝗻 𝗶𝗻 𝟮𝟬𝟮𝟬?
Recent stats show that SUNSHINE experienced a 𝟮𝟮.𝟮% 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗚𝗿𝗼𝘄𝘁𝗵 in the last quarter of 2019, taking the median house price in Sunshine from $667,500 (Sep Qtr) to $815,500 (Dec Qtr). Sunshine recorded the 3rd highest Quarterly growth in Melbourne (just behind Port Melbourne at 28.4% and Strathmore 22.3%).
𝗧𝗵𝗮𝘁’𝘀 𝗶𝗻𝗰𝗿𝗲𝗱𝗶𝗯𝗹𝗲 𝗴𝗿𝗼𝘄𝘁𝗵 𝗶𝗻 𝗷𝘂𝘀𝘁 𝟯 𝗺𝗼𝗻𝘁𝗵𝘀! One of the main drivers for the growth in Sunshine is the recent announcement of the Melbourne Airport Rail project.
Spice Property Developments are confident that this ripple effect should spread to the suburb of ALBION (which shares the same postcode as Sunshine) in 2020! With prices starting from just $600,000 Albion Mews townhouses offers affordable value for the savvy buyer, whether you are an owner/occupier, investor or a first home buyer.
𝗚𝗲𝘁 𝗶𝗻 𝗾𝘂𝗶𝗰𝗸 𝗮𝘀 𝘁𝗵𝗲 𝗿𝗶𝗽𝗽𝗹𝗲 𝗶𝘀 𝗵𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝗡𝗢𝗪!
Register your interest below for a free download brochure on the Albion Mews project today and maximise your chances of leveraging the ripple effect on your next property investment!