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Suburbs in Melbourne
Topic Started: 18 Nov 2005, 06:14 AM (984 Views)
jimarg
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:tartan: Anyone know anything about Wonga Park or Park Orchard areas?
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OzTennis
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jimarg
Nov 18 2005, 06:14 AM
:tartan: Anyone know anything about Wonga Park or Park Orchard areas?

Very nice semi-rural'ish suburbs to the north east of the city, over half an hour, closer to one hour from CBD; property expensive:

all Melbourne median $363K
Wonga Park $630K
Park Orchards $710K

OzTennis
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OzTennis
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OzTennis
Nov 18 2005, 08:34 PM
jimarg
Nov 18 2005, 06:14 AM
:tartan: Anyone know anything about Wonga Park or Park Orchard areas?

Very nice semi-rural'ish suburbs to the north east of the city, over half an hour, closer to one hour from CBD; property expensive:

all Melbourne median $363K
Wonga Park $630K
Park Orchards $710K

OzTennis

And just a bit more on that, Wonga Park median property price up 26% from the year before and highest price paid during Spring 2005 was $1,550,000; Park Orchards was up 16.7% and the highest price paid during Spring 2005 was $2,116,000 (Source domain.com.au)

It's fair to say that properties are usually on bigger blocks there so there will be more of a land element in property prices there than inner suburbs. As it's name suggests PO was once big apple orchards.

http://www.domain.com.au/content/improv/VICPropertyGuide2005_Spring.pdf

OzTennis
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OzTennis
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Link looks funny, should be:

http://www.domain.com.au/content/improv/VI...2005_Spring.pdf
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jimarg
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:tartan: Thank you
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