Property prices fluctuate due to various factors, such as the state of the local economy, employment opportunities and housing supply and demand. For this reason, people planning to buy a house need to keep track of market conditions to determine the current prices in their preferred locations.
In Melbourne, house price growth was earlier predicted to be modest this year with a 3 percent to 5 percent increase. In March this year, a total of 2,516 properties were sold in Melbourne, with the median price being $1,015,000.
loans.com.au indicated that Keysborough recorded the strongest quarterly growth for house prices for the December 2021 quarter. House prices rose from $902,000 to $1.1 million, or by 22%. Rental yield for houses in Keysborough is 2.8% with an average weekly rent of $460.
If you’re a home buyer or investor, here are some websites you can use to check house prices in Melbourne and other parts of Australia.
On The House
On The House provides free property profile reports and helps users monitor properties, research a market, find properties that recently sold or are for rent. The site offers reports that details the sales history of a property and allows users to analyse comparative properties.
If you choose to register on the website, you have an opportunity to join discussions on property values, comment on topics and claim your own property. You can even use On The House via your free iPhone app.
Real estate agents can also use the website to showcase their expertise to more than a million property buyers and investors keeping track of the market. It allows listing of properties for sale or for rent free of charge. Also real estate agents can register on the site as a local expert, submit public appraisals and claim their sold and rented properties.
Real Estate View
Real Estate View.com.au allows you to search for properties for sale or for rent using various details such as the property type, price and number of bedrooms. New house and land packages and properties that had just been sold are also available.
The website also helps in finding an agent by suburb, state, post code and by name or keywords. Additionally, it offers advice on the various aspects of buying, selling and renting properties and securing finance among others.
A separate blog is available and shares useful tips and information on the property market.
Your Investment Property
Your Investment Property offers real estate information covering suburbs in Australian states, market news and investment strategy advice including videos. It also features a news section, property forum and calculators to help you determine the cost of specific aspects of property investing.
Property Value
The Property Value website is by CoreLogic RP Data. It provides various types of real estate information in Australia not only for homebuyers, sellers, investors and investors but as well as for finance and other real estate professionals, corporate and government organizations.
Looking to buy a house in Melbourne? Talk to me about how I can help you buy your new home faster, for less. Give me a call on 03 9686 2288 to discuss how I can help. I offer a free consultation.
By Wendy Chamberlain
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With a passion for all things real estate spanning 18 years, Wendy loves that her role as a
