Inner west average apartment price gains more than $50,000 in the final three months of 2015

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Apartments with the two-bedrooms and one-bathroom remained the most popular across all regions, equating to 45 per cent of total sales.

Throughout 2015 the average price across inner Melbourne varied from $690,000 to $730,000, despite tighter lending, overseas purchaser surcharges and city planning control changes.

About 2000 apartments hit the market during the quarter as developers took advantage of the festive season and weather.

Apartments with the two-bedrooms and one-bathroom remained the most popular across all regions, equating to 45 per cent of total sales.

Urbis economics and market research director Mark Dawson said Melbourne’s livability, diverse economy and population growth had boosted buyer demand.

“The Urbis sales survey results serve as a reminder that there are a number of sub-markets operating in inner Melbourne, varied by location, target market and price,” he said.

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