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Market Analysis

“Greville’s Fast Facts”

Australia Pacific Mortgages Panel Expert, WBP Property Group CEO Greville Pabst’s fast facts for this week: 

1.       Year-to-date property sold is down about 1000 on 2015

2.       detached houses among the best performers last weekend

3.       premium locations were preferred over larger backyards

4.       three bedroom units among the best performing, growing by 6.3% in the last 12 months

5.       single storey villa units with a larger land component are the most sought after

6.       days on the market have dropped slightly from 35 to 34 days in March

7.       Docklands, point Cook and Flemington take longest to sell

8.       East Melbourne, Richmond, Elwood and St Kilda released the shortest number of days

9.       Albert Park and Middle Park so tightly held they don't register

For more information go to - https://wbpproperty.com/knowledgebase/market-wrap