“Location, location, location” is likely the most ubiquitous phrase associated with the property industry. It is based on the idea that the location of a property is directed related to its value. The more sought after a neighbourhood, street or even building is, the more money a property can command in the realty market if it’s in a favourable area. In Melbourne, the price of units separated by only a few blocks can differ by more than $400,000. This disparity in prices is made more obvious by the postcode associated with a certain set of addresses along Beach Rd in Hampton.
When looking into moving to a desirable postcode, such as in the Hampton area, be diligent in your research as you might be able to save a considerable amount of money by shopping just a few blocks further down the road. This price sensitivity is especially felt in Hampton due to neighbouring Brighton. Head over to The Weekly Times for a full rundown of median apartment prices along Beach Rd in Hampton.