Inner North insights from Red Report
Our expert agents in the inner north have shared their top three trends and predictions for their local market in 2017.
Top three trends
- Period homes on point
Families from Melbourne’s East are moving to Preston and Reservoir, where beautiful family homes are within their budgets.
- Alphington picks up
Buyers pushed out of Northcote and Westgarth have trickled into Alphington, lifting
the median house price by 21% in the suburb.
- Café culture
Trendy cafes, hip bars and restaurants emerging in the north are attracting buyers to Preston and Coburg.
Still the most affordable pocket within 10km of the CBD, the inner west is seeing huge amounts of development in terms of apartment developments and house and land packages, attracting investors and owner occupiers equally. With many homes in the inner west built during the middle of the last century, investors will continue to preference developments over fixer-uppers so they can lease out immediately.