Clyde North among suburbs set for a hot 2020

Hospital improvements, booming business parks and level crossing removals are tipped to boost prices across many of Melbourne’s outer suburbs in 2020. Yarra Junction, Hillside and Truganina are tipped as some of the city’s top performing pockets this year, according to the Real Estate Institute of Victoria.  Clyde North, Lyndhurst and Mickleham have also been put on the peak industry body’s watch list.  Clyde North was a hot spot for buyers who wanted to break into Berwick. The suburb abuts Berwick, which is known as the Toorak of the southeast. It still offers all the good schools, Federation University, Chisholm TAFE and Fountain Gate shopping centre down the road. Casey Hospital’s $135 million expansion project was also expected to add value to the area. In Lyndhurst, level crossing removal works on the Cranbourne line has made living in the outer suburb more appealing. Melbourne property prices have been tipped by data firms to soar by as much at 17 per cent in 2020, with population growth, interest rate cuts and looser lending policies adding to demand.

SUBURBS TO WATCH IN 2020:

1. Yarra Junction, median house price $590,000

2. Hillside ($670,000)

3. Truganina ($575,000)

4. Clyde North (568,250)

5. Lyndhurst ($630,000)

6. Mickleham ($522,500)

Source: Real Estate Institute of Victoria, median prices to September 2019.