Victoria's property market gaining strength

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Victorian Valuer-General figures confirm that state's property market is gaining strength!

• The median Melbourne house gained $22,500, or 4.8 per cent, and rose to $495,000 between September and December
• The data released this week also showed solid improvement for units in Melbourne, which rose by $8600, 2 per cent, in the same time frame
• In country Victoria house values remained steady with a $280,000 median, while units rose $5000, 2.2 per cent, to a new median of $235,000.
• Bendigo enjoyed a boom, with the median house price rising 23.4 per cent to $377,500 from $306,000.
• But.... Wonthaggi suffered a 36.1 per cent hit to median values, which fell to $182,000 at the end of the December quarter from $285,000 a year prior.
  
  

  Slight drop in home values in April and May but overall... OUR MARKET HAS ENTERED A RECOVERY!! :D

  
  

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