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Tuesday, 4 February, 2014
A Star News Group publication Phone: 9933 4800
No. 565 50c inc. GST
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SPORT
House price jumps By CHARLENE MACAULAY
Top sport
THERE is no slowing down Morgan Mitchell, who has been burning up the athletics track throughout her junior career. The Hoppers Crossing resident added another award to her growing trophy cabinet last week when Mitchell was named the Don Deeble Rising Star for 2012/13. For her outstanding sporting achievements she received a cheque for $5000 from the Sunshine and Western Region Sports Club and the Yarraville Club Cricket Club. For a full update on Mitchell and the Don Deeble Rising Star Award, turn to sport pages. Picture: KRISTIAN SCOTT
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SEDDON has become the City of Maribyrnong’s property hotspot. The Real Estate Institute of Victoria’s median house prices for the December 2013 quarter reveal the Seddon house median jumped 13 per cent from $650,000 to $733,500, making it one of the top 12 growth suburbs across metropolitan Melbourne. The increase has seen Seddon out-price Yarraville, which suffered a five per cent price drop in the last quarter to post a median of $705,000. Maribyrnong remains the most expensive suburb across the municipality despite recording less than 30 sales in the last three months of the year, with a double-storey home in the Edgewater estate being the highest selling property across the City of Maribyrnong for 2013. The five-bedroom, three-bathroom property along Cumberland Drive commanded a selling price of $2.15 million in April. Other REIV data shows Braybrook and Maidstone also experienced a slow quarter, with these
suburbs also selling less than 30 properties. There was no sales data for Tottenham. In comparison, Melbourne’s median house price rose by more than seven per cent in the final quarter of 2013 to a new high of $643,000. REIV CEO Enzo Raimondo said buyers were “out in force” during the final quarter of 2013, leading to a healthy average clearance rate of 70 per cent. “Low interest rates, a record number of auctions, and an increase in million dollar-plus sales all led to an impressive quarter for the market,” Mr Raimondo said. “Sellers were also confident of making a sale with about 12,800 auctions held during these three months, an average of more than a thousand auctions a week. “While auctions comprised a higher share of sales this quarter, there was stronger price growth for houses sold by private sale. “This has driven some of the price increases in the outer suburbs, where private sales are more popular.”
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