How many houses have been sold in Melbourne’s CBD?
The number of houses sold in the CBD has risen to a record low of 13,500 over the past 12 months, with the median price rising to $1.8 million.
Key points:A total of 13.5 million houses have sold in Greater Melbourne since March 1, 2018, according to a new analysisBy contrast, in the inner city, there are 4.3 million homes currently listed for saleIn Melbourne, the median house price was $1,865,200 in March 2018, the new data showsIt is believed the number of properties listed in Melbourne has fallen in the last 12 months after the capital experienced record-breaking house price increases in the previous three years.
The median price of a house in Melbourne rose from $1 million in March 2017 to $2.5 billion in March 2019.
A total 13.9 million houses were sold in a year, which is up from 12.7 million in the same period last year.
But in the past six months, the number has fallen to 14.3 per cent of the market, with only 2.3 of those houses being listed in the outer suburbs.
It is estimated there are about 4.8m properties in Melbourne.
The figure is below the 6.9m that were sold a year ago, but more than double the 5.4 million that were listed in April 2018.
The data also shows there is no change in the average price of homes sold in all parts of the city, which rose from a record $1m in March to $3.1 million a month later.
But there are a few areas where the market is starting to fall further behind the rest of Melbourne, particularly the inner-city.
The number of homes for sale in the central business district and the CBD’s outer ring suburbs has both fallen, according the analysis.
The numbers for the inner and outer rings are slightly higher, with 6.6 and 4.6 million houses sold, respectively.
There were about 6 million houses listed in Perth in March, which was still well above the 3.4m that sold a month earlier.
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