VIC

Nicola Trotman | 16 December 2012

Mounty Beauty Victoria's slowest-selling suburb

Mounty Beauty Victoria's slowest-selling suburb

Located in Victoria's high country, Mount Beauty – with a median house price of $155,000 – is Victoria’s slowest-selling suburbs, with a whopping average of 232 days on the market.

Terang – 212 kilometers south west of Melbourne – is second on the list, with an average of 218 days on the market and a median house price of $170,000.

And situated on the banks of Lake Hume in north-western Victoria, Tallangatta comes in a close third place, with an average of 217 days on the market and a median house price of $180,000.

Suburb

Postcode

Median house price

Average time on market (days)

Mount Beauty

3699

$155,000

232

Terang

3264

$170,000

218

Tallangatta

3700

$180,000

217

Eagle Point

3878

$281,500

190

Koondrook

3580

$192,500

186

Mortlake

3272

$137,500

185

Murtoa

3390

$155,000

182

Tawonga South

3698

$255,000

182

Elmore

3558

$155,000

180

Narre Warren North

3804

$735,000

175

Port Albert

3971

$215,000

175

Yarram

3971

$205,000

175

Source: RP Data

A property located at 18 Beauty Avenue, Mount Beauty (pictured below), was first listed in October 2011 with an asking price of $193,000.

beautyave

It is currently still on the market – 420 days later – but has dropped its asking price by $18,000 to $175,000.

The three-bedroom dwelling is on 635 square metres.

Another property in Mount Beauty has been on the market for 645 days.

Located at 14 Fairway Avenue, the two-bedroom house was first listed in February 2011 for $149,000.

fairwayave

It is currently listed at $139,000.

A three-bedroom house at 24 Freeburgh Avenue has been listed for 817 days at $195,000 – there has been no decrease in the asking price over this time.

Although Mount Beauty is the slowest suburb in Victoria, it isn’t necessarily oversupplied, with around 40 houses currently on the market.

Kingsbury, a suburb 12 kilometres north-east of Melbourne CBD – and with a median house price of $435,000 – is Victoria’s fastest-selling suburb, with an average of 30 days on the market.

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