The world from the perspective of Melbourne's best suburb
It’s true. New airconditiong’s going to cost $1 million, repairs over the next 10 years to cost $12 million. Looking for a tenant, or a buyer. My other post about the Town Hall is here. I think we should reclaim the slums around abouts, and give it and the park we would build to Princess Mary of Denmark; lure her back to Australia.
The Age reported yesterday that the median Abbotsford property sale price — that is the middle number when all the sales results are lined up in chronological order — was 12.7% higher in the first three months of this year compared with the last three months of last year. But there were fewer than 30 sales results in the line of numbers, and the data are therefore implicitly not statistically reliable. The median was $575,000 in the first 3 months of this year, compared with the median for the whole of Melbourne of $380,000, and the median for houses within 10 km of the city of $566,000 (that figure is up 15% on a year ago, compared with the whole of Melbourne figure which is up only 5.3%). Richmond and Collingwood were also up about 10%, but Fitzroy — also with fewer than 30 sales — and Clifton Hill were down about 5%. The median sale prices in the last 3 months were: Continue reading “Abbotsford house prices go up”
So says a glossy propery insert in the November 29 Melbourne Leader. It also says the highest price paid for a house was $750,000 a year ago in Vere St. The median unit/apartment price is said to be $405,000 which sounds like a typo to me.