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Mornington Peninsula beach box priced at $1M exceeds median Melbourne home value

share-iconThursday, January 09 comment-icon1 week ago 6 views
News sources:
theguardianTHEGUARDIAN
Mornington Peninsula beach box priced at $1M exceeds median Melbourne home value

Credited from: THEGUARDIAN

  • A beach box on Victoria’s Mornington Peninsula is listed between $910,000 and $1 million, outpricing the median Melbourne home.
  • The median dwelling price in Melbourne was $774,093 as of December, illustrating the premium for beach property.
  • Beach Box 28 on Shelley Beach features solid masonry construction and easy accessibility to a public park.
  • Real estate expert Warwick Anderson notes the limited supply of such beach boxes, making them highly sought after.
  • The selling price reflects demand, even as prestige markets in Melbourne face struggles, according to housing commentator Dr. Andrew Wilson.

For more details, visit the original article.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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