Tight Kedron Housing Market Leads to 11.1% Rise in Median Price

Kedron median house price
Photo credit: Google Earth

The REIQ recently reported the latest housing market statistics which showed Kedron median house price jumping to $744,500, an increase of 11.1% from the last 12 months and 44.2% over the last 5 years. In the 2nd quarter of 2018, there were 23 homes sold in the suburb.

“In the last quarter, the number of sales was down by 41% on the same time last year. However, demand has remained strong,” says Kedron agent Brooke Copping of Ray White Wilston.

“In my experience, there has been a lot of extra demand to buy 3-bedroom homes in Kedron this year. Most of my open homes have had 15 plus attendees.”

 

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