Capital city house prices have grown at their strongest annual rate in almost seven years and home owners within Sandhurst are experiencing the benefit from these trends. Melbourne prices grew 1.5% in February and 13.1% annually. This is the strongest figure since the 12 months to June 2010.
Since golf property is a boutique market that accounts for only 3% to 4% of total real estate sales in Australia and developments built around golf historically have attracted a 25% pricing premium, Sandhurst’s results are even higher than Melbourne’s.
In the last year, average home prices have gone up 15.5% and average unit prices have gone up 8.7%.