These are the key ingredients behind the suburbs that home owners are drawn to – and never want to leave.
Scarcity, proximity to public transport, tight-knit neighbourhoods and lifestyle are the factors behind Melbourne’s most tightly held suburbs.
The inner-city locations were followed by Clarinda in the south-east and Selby on the city’s far-eastern fringe, which both had just 1.8 per cent of their properties sell in the same period. There was a range of reasons for further-flung suburbs recording the lowest turnover rates in Melbourne, Ezzy said. “Some of that is down to lifestyle factors, maybe people settling in and raising a family,” she said. “It’s hard to understand the motivations of the individual home owners.”Out in Selby, a small locale near Gembrook, it is an easy question to answer.
“There’s a lady who delivers eggs to a lot of people ... you know how everyone says no one knows their neighbours any more? That’s not the case here.” Their selling agent, Mick Dolphin, of First National Ranges, said home owners in the area were not as interested in trying to trade up to a more expensive home.
In Clarinda, a quirk of the suburb’s history was contributing to the low turnover rate, Buxton agent Peter Laspas said.
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