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Melbourne Land Prices – Proceed with Caution

By July 13, 2017 No Comments

Melbourne Land Prices

The Melbourne new land market has hoovered up the expected State Governments stamp duty savings this quarter, even before the market had a chance to use it.

The official median new land price for the entire Melbourne Greenfield market for the June quarter was $275,450.

The June quarter saw land estates increase the median by 9.3%.

Year on year growth has been an impressive 24%.

 

Download the Charts and full comment here.

r4_melbourne-land-q22017