Must-watch Melbourne electorate gets the popular vote with buyers
A must-watch Melbourne seat in this year’s federal election is the nation’s top vote winner with homebuyers.
Houses in the electorate of Higgins attracted the biggest number of online views on listings powerhouse realestate.com.au in the past six months.
The blue-ribbon seat, which includes the suburbs of Toorak, Malvern, Carnegie and Murrumbeena, has long been a Liberal Party stronghold.
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But realestate.com.au chief economist Nerida Conisbee said hot homebuyer demand in the electorate could signal a new political era.
“These are aspirational areas and we’re seeing a lot of young people move in, so it’s quite interesting that many inner-city areas are shifting towards the Greens,” Ms Conisbee said.
“It’s a change for these premium suburbs, where residents have typically voted Liberal.”
Higgins is one of three Liberal-held Victorian seats firmly on the radar with homebuyers.
Houses in Higgins averaged almost 7000 views, making it the most viewed electorate in Australia. Also in the top 10 were conservative seats Kooyong, Goldstein, the newly-created Macnamara and Greens-held Melbourne, each with houses attracting more than 5000 views on average.
Flinders, which covers parts of the Mornington Peninsula, also had some of the highest average views for house listings at state level. It’s another hotly contested Liberal seat, with health minister Greg Hunt up against high-profile independent Julia Banks.
Wakelin Property Advisory director Jarrod McCabe said the in-demand electorates all offered employment and education opportunities, good transport links and lifestyle perks that appealed to buyers.
He said new large-scale apartment developments had also bolstered demand.
“The electorate of Higgins is becoming younger and more diverse, which may explain why this traditionally safe Liberal seat is considered ‘in play’ at this election,” Mr McCabe said.
Ray White Carnegie director Josh Hommellhoff agreed young buyers were homing in on Higgins.
“While a lot of investors are waiting to see what happens after the election, first-home buyers and young families continue to show interest in the market around here,” he said.
“It’s a lot busier than it once was because there’s a lot of development going on.”
The data shows that buyers overwhelmingly looked to Liberal-held seats in every state, except Tasmania.
The most popular electorate outside Victoria was former prime minster Tony Abbott’s NSW seat of Warringah, where independent Zali Steggall is challenging.
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