Safety Beach has claimed the spotlight as the Number One suburb in Greater Melbourne for house price growth in 2022.
Our seaside jewel has notched up a 38.2% increase in house prices over the past year, taking our suburb’s median to $1,285,000 (as reported on realestate.com.au).
And, it comes amid reports of a national house price slump, and continued gloom and doom about persistent price falls.
RateMyAgent’s #1 Agent in Safety Beach Matt Carroll – the Director of Scenic Property – says it’s anything but gloom and doom in Safety Beach.
“If the property’s priced accurately, it’s still creating that competition in bidding and buying,” he told realestate.com.au
“The Melbourne market is still funnelling down the Mornington Peninsula because of the lifestyle it offers down here,” Mr Carroll said.
He says it’s all about the beach, boating, and value for money in Safety Beach, plus the rise in remote working and good freeway access to the city.
“Safety Beach is 100% beachside, we aren’t split by the freeway like other Mornington Peninsula suburbs area,” Mr Carroll explains.
“We’ve got Martha Cove Marina, The Valley Golf Course, the Safety Beach Sailing Club… Safety Beach is defying the downward price trend for good reason.’’
“You can live on the canals at Martha Cove, or on a generous block in the Horizons Estate right next to the beach, and we’ve got the Country Club Estate with lakeside views, and the Hidden Harbour precinct near the marina. It’s a lifestyle mix you can’t find anywhere else.’’
Safety Beach outperformed Sorrento, which was the Mornington Peninsula’s second highest house price performer, with a 28.8% increase in its median, to $2,520,000.
Overall results reveal buyers are turning their gaze from city suburbs to the Peninsula and the regions, where they can have a better lifestyle and more space, at a more affordable price.
Read the full report at realestate.com.au/news/the-270-suburbs-where-home-prices-have-surged-over-the-past-year/