West End and Highgate Hill are forecast for growth

first_img206/8 Musgrave St, West End.WEST End and Highgate Hill will be suburbs to watch over the next year, a leading real estate expert says.Ray White West End principal Luke O’Kelly said the areas were enticing to buyers because of the affordability of both houses and apartments.He said they were particularly appealing to interstate buyers who would have to pay much more for properties close to the CBD in Melbourne or Sydney.Mr O’Kelly sold an apartment at 206/8 Musgrave Street in West End, late last year for $460,000.More from newsFor under $10m you can buy a luxurious home with a two-lane bowling alley5 Apr 2017Military and railway history come together on bush block24 Apr 2019206/8 Musgrave St, West End.Latest CoreLogic market trends data shows the median sale price for units in the area was $533,750 to the year ending October 2017.“The apartment market in West End is definitely on the move,” Mr O’Kelly said.“I have been requested to complete five appraisals in … three days alone, with expectations that all five will come on the market within the next few weeks. “I have also been asked to view another two further homes, which we plan to take to auction in February. The market sentiment is very positive.”Mr O’Kelly said that 2018 would be an active and stable year for the market.last_img

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