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Local suburbs set for housing boom

June 25, 2024 8:39 am in by
File image [Pixabay]

Several local suburbs could face a housing boom over the next year.

The winter Price Predictor Index from company Hotspotting shows areas such as Leopold, Torquay and St Leonards are in for a price boom.

The forecast is based on sales over the last four or more quarters and the fact the areas are close to Melbourne.

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However, the company warns the boom could be impacted if there are policy changes or extra costs hit investors or construction of properties.

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