The Outer East is Very Appealing!

Outer East

The popularity of living in the outer east of Melbourne is steadily rising with outer suburbs recording huge results as the volume of buyers seeking to get into the property market is increasing. Locations from Ringwood to Croydon, Lilydale, Kilsyth, Mount Evelyn and further into the Yarra Valley from Yarra Glen to Healesville are booming and not without good reason!

The quiet leafy streets are family friendly and you can secure a home with good living space and a decent back yard for the kids all within close proximity to quality schools, sporting and shopping facilities in an affordable price range. Public transport is easily accessible and you can still feel a real sense of community. Even young professionals are finding the area appealing with loads of boutique developments under construction offering modern stylish finishes and all a short commute to the city, with Ringwood being only 25km’s from the CDB. With the creation of Eastlink and the fabulous rejuvenation of Eastland shopping center bringing with it a number of exciting restaurants and new community facilities who wouldn’t want to make the move!

Median house prices are steadily increasing according to ‘Your Investment Property’ and these outer suburbs are experiencing steady capital growth making investing in property a desirable proposition.

Median House Sale Prices:                    Annual Capital Growth:

Lilydale  $605,000                                   7.18%

Croydon $670,000                                   9.05%

Ringwood $810,500                               10.12%

Mount Evelyn $535,000                        7.07%

Kilsyth  $592,500                                    8.05%

Mooroolbark $598,000                         7.97%

Montrose $610,000                               7.58%

Yarra Glen $532,500                              6.64% 

Here at the Max Brown Real Estate Group we have a solid knowledge of these and surrounding areas and have been the local experts for almost 60 years. Whether you are looking to buy your 1st home, a family home or downsizing we have a team of experts to assist you. Our dedicated Developments Team, make us one of the leaders in off the plan unit and townhouse sales. So if you are looking to invest this would be the perfect time to secure your own piece of the Outer East while it’s still affordable.

 

 

Buying home Property Investment Real Estate
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The Outer East is Very Appealing!