Urbis map sheds light on Melbourne’s million dollar property market

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The expanding million-dollar mark actually adds to the appeal of growth areas that are on the fringe of emerging hotspots

However, the expanding million dollar mark actually adds to the appeal of growth areas that are on the fringe of emerging hotspots, according to Mark Dawson, Residential Property Economics Director at Urbis.

“For decades we’ve seen swelling population, the best schools and other supporting infrastructure focused in the east. But now we’re also witnessing a new wave of activity in the west.

“Where infrastructure extends or is planned, buyers can still buy space at a discount but bank on spillover appreciation down the line.”

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