Sunshine (VIC) experiences 22.2% Capital Growth in Dec Qtr 2019
THE RIPPLE EFFECT EXPLAINED
๐ง๐๐ ๐ฅ๐๐ฃ๐ฃ๐๐ ๐๐๐๐๐๐ง: ๐ช๐ต๐ฎ๐ ๐ฒ๐ ๐ฎ๐ฐ๐๐น๐ ๐ถ๐ ๐๐ต๐ถ๐ ๐ฟ๐ฒ๐ฎ๐น ๐ฒ๐๐๐ฎ๐๐ฒ ๐ฝ๐ต๐ฒ๐ป๐ผ๐บ๐ฒ๐ป๐ผ๐ป?
This is where capital growth radiates out from gentrifying or high growth suburbs, and then spreads to adjoining lower priced suburbs. With Melbourneโs median house price surpassing $850,000 for the first time, the Victorian property market returns to strong capital growth.
๐ฆ๐ผ ๐๐ต๐ฎ๐ ๐ฑ๐ผ๐ฒ๐ "๐ง๐ต๐ฒ ๐ฅ๐ถ๐ฝ๐ฝ๐น๐ฒ ๐๐ณ๐ณ๐ฒ๐ฐ๐" ๐บ๐ฒ๐ฎ๐ป ๐ณ๐ผ๐ฟ ๐๐น๐ฏ๐ถ๐ผ๐ป ๐ถ๐ป ๐ฎ๐ฌ๐ฎ๐ฌ?
Recent stats show that SUNSHINE experienced a ๐ฎ๐ฎ.๐ฎ% ๐๐ฎ๐ฝ๐ถ๐๐ฎ๐น ๐๐ฟ๐ผ๐๐๐ต 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%).
๐ง๐ต๐ฎ๐โ๐ ๐ถ๐ป๐ฐ๐ฟ๐ฒ๐ฑ๐ถ๐ฏ๐น๐ฒ ๐ด๐ฟ๐ผ๐๐๐ต ๐ถ๐ป ๐ท๐๐๐ ๐ฏ ๐บ๐ผ๐ป๐๐ต๐! 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.
๐๐ฒ๐ ๐ถ๐ป ๐พ๐๐ถ๐ฐ๐ธ ๐ฎ๐ ๐๐ต๐ฒ ๐ฟ๐ถ๐ฝ๐ฝ๐น๐ฒ ๐ถ๐ ๐ต๐ฎ๐ฝ๐ฝ๐ฒ๐ป๐ถ๐ป๐ด ๐ก๐ข๐ช!
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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!
