Business
The Melbourne suburbs with the biggest rises and falls in house prices – Domain News
Experts say there are no surprises that these areas of Melbourne, some close to the ocean, have been seeing some big price rises over the past year.
The rush to buy a lifestyle property in Melbourne since the pandemic has seen house prices in suburbs along the Mornington Peninsula rise by nearly 25 per cent over the past year.
Blairgowrie, an hour south of the CBD, rose 24.8 per cent over the 12 months to December, skyrocketing to a median of $1,142,000, Domains latest House Price Report showed.
McCraes house prices soared by 24.3 per cent over the year to a median of $960,000, while Mount Martha prices rose by 16.3 per cent to $1,105,000.
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