Melbourne's Northern Suburbs Boom |
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Written by Marc Pallisco
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Saturday, 01 September 2007 |
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While much of the industry’s attention of late has focused on Melbourne’s blue ribbon suburbs – record prices are being achieved in other parts of Melbourne as well.
Last month it was Pascoe Vale's turn to shine, after a near new 70 square home in Pleasant Street sold for just over $1.4 million at auction. Brad Teal selling agent Greg Kofoed said it eclipsed the suburb's previous record, in Moascar Street, by more than $400,000.
Amongst its many features the house includes an indoor swimming pool, three living rooms, two garages and a large home theatre.
Earlier this year, the nearby suburb of Coburg recorded a string of $1 million-plus sales. This included a new record set for the federation Koorali mansion in The Grove.
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