If you are thinking of buying or selling in Melbourne, Victoria, or just wanting to understand how the real estate market is tracking in Melbourne, this informative page comprises valuable information.
Supply and Demand for Melbourne Properties
This graph indicates the supply and demand for properties in the suburb during the specified time period.
The 'advertised properties' line graph indicates supply by showing the number of listings on realestate.com.au at any time during the relevant week.
The 'people looking' line graph indicates demand by showing the number of user sessions that included one or more looking at property details pages for properties listed in this suburb on realestate.com.au at any time during the relevant week.
Please note - This information is based on realestate.com.au data. The purpose is to give buyers and sellers an indication of supply and demand for properties in the suburb based on that data. It is not a definitive representation of market supply and demand.
Median Sale Prices in Melbourne
This graph and table show the median sale prices (the middle price of properties sold) of houses and units for the suburb during the specified time period.
The median sale price is the middle price that properties sold for. For example, if there were seven houses that sold in the suburb over a month, the median price would be the property with the fourth highest price.
Median house prices give buyers and sellers an indication of the sale prices in that suburb at a given time. The median sale price will increase if more people buy expensive homes and decrease if more people buy cheaper homes.
Source Data: http://www.rs.realestate.com.au
For those who do not have much initial capital it can be very helpful to pay off a loan more slowly in small amounts over a longer duration.
ReplyDelete