Sunshine (VIC) experiences 22.2% Capital Growth in Dec Qtr 2019

THE RIPPLE EFFECT EXPLAINED

๐—ง๐—›๐—˜ ๐—ฅ๐—œ๐—ฃ๐—ฃ๐—Ÿ๐—˜ ๐—˜๐—™๐—™๐—˜๐—–๐—ง: ๐—ช๐—ต๐—ฎ๐˜ ๐—ฒ๐˜…๐—ฎ๐—ฐ๐˜๐—น๐˜† ๐—ถ๐˜€ ๐˜๐—ต๐—ถ๐˜€ ๐—ฟ๐—ฒ๐—ฎ๐—น ๐—ฒ๐˜€๐˜๐—ฎ๐˜๐—ฒ ๐—ฝ๐—ต๐—ฒ๐—ป๐—ผ๐—บ๐—ฒ๐—ป๐—ผ๐—ป?

 

This is where capital growth radiates out from gentrifying or high growth suburbs, and then spreads to adjoining lower priced suburbs. With Melbourneโ€™s median house price surpassing $850,000 for the first time, the Victorian property market returns to strong capital growth.

 

๐—ฆ๐—ผ ๐˜„๐—ต๐—ฎ๐˜ ๐—ฑ๐—ผ๐—ฒ๐˜€ "๐—ง๐—ต๐—ฒ ๐—ฅ๐—ถ๐—ฝ๐—ฝ๐—น๐—ฒ ๐—˜๐—ณ๐—ณ๐—ฒ๐—ฐ๐˜" ๐—บ๐—ฒ๐—ฎ๐—ป ๐—ณ๐—ผ๐—ฟ ๐—”๐—น๐—ฏ๐—ถ๐—ผ๐—ป ๐—ถ๐—ป ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฌ?

 

Recent stats show that SUNSHINE experienced a ๐Ÿฎ๐Ÿฎ.๐Ÿฎ% ๐—–๐—ฎ๐—ฝ๐—ถ๐˜๐—ฎ๐—น ๐—š๐—ฟ๐—ผ๐˜„๐˜๐—ต 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%).

 

๐—ง๐—ต๐—ฎ๐˜โ€™๐˜€ ๐—ถ๐—ป๐—ฐ๐—ฟ๐—ฒ๐—ฑ๐—ถ๐—ฏ๐—น๐—ฒ ๐—ด๐—ฟ๐—ผ๐˜„๐˜๐—ต ๐—ถ๐—ป ๐—ท๐˜‚๐˜€๐˜ ๐Ÿฏ ๐—บ๐—ผ๐—ป๐˜๐—ต๐˜€! 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.

 

๐—š๐—ฒ๐˜ ๐—ถ๐—ป ๐—พ๐˜‚๐—ถ๐—ฐ๐—ธ ๐—ฎ๐˜€ ๐˜๐—ต๐—ฒ ๐—ฟ๐—ถ๐—ฝ๐—ฝ๐—น๐—ฒ ๐—ถ๐˜€ ๐—ต๐—ฎ๐—ฝ๐—ฝ๐—ฒ๐—ป๐—ถ๐—ป๐—ด ๐—ก๐—ข๐—ช!

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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!

Albion Mews Townhouses

from just $600,000

Albion Mews

Register Your Interest

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