East Warburton mahogany forest (real estate website Realestate pictures)
A small town of Yala range (Yarra Ranges), Melbourne, is trying to become Australia`s mountain bike capital, withstanding the impact of the market recession and leading Melbourne house price growth.
According to real estate website Realestate, the (Warburton) mahogany forest in Woberton, Melbourne, is picturesque and is popular on the social networking site Instagram as a tourist hot spot. Median Warburton prices have risen 20 percent to A $527500 in the past year, according to the data.
In the Melbourne jurisdiction, Warburton house prices rose the highest. Upper Bikensfield (Beaconsfield Upper) followed, with median house prices rising 14 per cent a year to A $1.03 million.
Prices rose 13 percent in (Diggers Rest) and Portsey (Portsea), both of Clyde North (Clyde North), while Essenden (Essendon), Windsor (Windsor) and Keenley (Cairnlea) rose 10 percent.
Hall (Ashleigh Hall), head of (Yarra Junction) at Professionals Yala hub, a real estate brokerage, expects Warburton`s real estate market to continue to "move forward and surge", in part because of more than 100km of new mountain biking lanes and intermodal construction.
Warburton attracts buyers, in addition to affordable prices, there is an area of at least 800 square meters of land.
Major local buyers include: buyers of Chinese and Italian resorts, either for their own use or through Airbnb; flexible work / commuter buyers, semi-permanent homes.
Nereida Conisi, the chief economics family at the Realty, said that over the past year, affordability has helped the local region of the state to rise in the back of the city, led by Gailong and Ballarat.
The broader market in Melbourne looks``near the bottom, even at the bottom`` , according to Konisby, predicting that prices will resume rising momentum.
Melbourne has the highest house price growth in urban areas:
Median house prices in Warburton (Warburton): rose 20 per cent a year to A $527500
Beaconsfield Upper:Median house prices rose 14%to$1.03 million a year.
(Ceyde North)/ Digers Rest: The median annual rate of house prices rose by 13% to $235,000/ $595,060/ $504,000
Median house prices in Essenden (Essendon) / Windsor (Windsor) / Kainley (Cairnlea): rose 10 per cent to A $1.495 million / A 1.4 million / A $778000 a yea
Median house prices in launch Square (Launching Place): rose 9 per cent a year to A $562500
The median (Alphington): house price in Effington rose 8 per cent a year to A $1.765 million
