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Two of Melbourne’s greenest suburbs had a median house price of over $2.5m in the most recent June quarter with Balwyn and Canterbury ranking seventh and eighth respectively for tree density.",[438],{"type":428,"attrs":439},{"color":440},"#000000",{"type":420,"attrs":442,"content":443},{"textAlign":351},[444,454],{"type":445,"attrs":446,"marks":451},"image",{"id":447,"alt":19,"src":448,"title":19,"source":19,"copyright":19,"meta_data":449},214827625638213,"https:\u002F\u002Fa.storyblok.com\u002Ff\u002F224482\u002F761x530\u002Fbb63e8e2a6\u002Ftreedensityinsert.png",{"alt":19,"size":450,"title":19,"source":19,"copyright":19},"761x530",[452],{"type":453},"italic",{"text":455,"type":425,"marks":456},"Top 10 Melbourne suburbs for tree density",[457],{"type":453},"TextContent","small",{"_uid":461,"content":462,"component":458,"bottom_spacing":459},"cfb6b671-3d3e-4973-a3ff-a8d1a54afdcd",{"type":416,"attrs":463,"content":464},{"backgroundColor":351},[465,474,482,491,511],{"type":420,"attrs":466,"content":467},{"textAlign":351},[468],{"text":469,"type":425,"marks":470},"Bargain suburbs for buyers seeking leafy areas",[471,473],{"type":428,"attrs":472},{"color":19},{"type":431},{"type":420,"attrs":475,"content":476},{"textAlign":351},[477],{"text":478,"type":425,"marks":479},"Some green areas still offered great value with median house prices under $1m. 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With house prices also below $1m Heidelberg Heights was within Melbourne’s 30 greenest suburbs while scoring above Deepdene which had a median price of $3.75m, more than 3 times the price!",[480],{"type":428,"attrs":481},{"color":19},{"type":420,"attrs":483,"content":484},{"textAlign":351},[485],{"text":486,"type":425,"marks":487},"How tree canopies could explain some differences in house prices",[488,490],{"type":428,"attrs":489},{"color":19},{"type":431},{"type":420,"attrs":492,"content":493},{"textAlign":351},[494,499,506],{"text":495,"type":425,"marks":496},"Heathmont had the 3",[497],{"type":428,"attrs":498},{"color":19},{"text":500,"type":425,"marks":501},"rd",[502,504],{"type":428,"attrs":503},{"color":19},{"type":505},"superscript",{"text":507,"type":425,"marks":508}," best tree density in Melbourne which might partially explain why houses there sell for more than $150,000 more compared to neighboring Bayswater and Bayswater North. Frankston South has a significant price premium of more than $350,000 and a higher tree density rank compared to both Frankston and Frankston North which might be a cause of the house price variation.",[509],{"type":428,"attrs":510},{"color":19},{"type":420,"attrs":512,"content":513},{"textAlign":351},[514,519],{"text":515,"type":425,"marks":516},"To read the full story in the Herald Sun ",[517],{"type":428,"attrs":518},{"color":19},{"text":520,"type":425,"marks":521},"click here",[522,526],{"type":523,"attrs":524},"link",{"href":525,"uuid":351,"anchor":351,"target":351,"linktype":39},"https:\u002F\u002Fwww.realestate.com.au\u002Fnews\u002Freiv-melbs-greenest-suburbs-command-a-237000-premium\u002F",{"type":428,"attrs":527},{"color":19},{"_uid":529,"table":530,"component":665,"bottom_spacing":459},"6d1229b1-ea2f-4c73-bfce-70fd49041476",{"tbody":531,"thead":654,"fieldtype":664},[532,546,558,570,582,594,606,618,630,642],{"_uid":533,"body":534,"component":545},"bb51e4a0-b15c-4b5e-8b81-63dc17bd9eca",[535,539,542],{"_uid":536,"value":537,"component":538},"27f187ef-ed63-4e72-8a9f-c5299040b5ef","Mont 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Hills",{"_uid":553,"value":554,"component":538},"dc0ebdb7-e49b-4965-ac9c-83c8fd8f63b8","2",{"_uid":556,"value":557,"component":538},"1e39eb4f-983f-4ad4-b01b-a741bb2cf6f3","$1,950,000",{"_uid":559,"body":560,"component":545},"3629bab4-3970-4c0c-b900-d0c0375bbf36",[561,564,567],{"_uid":562,"value":563,"component":538},"60c99649-3e82-49ea-a578-080cf74c2201","Heathmont",{"_uid":565,"value":566,"component":538},"daf96a96-5832-433d-8fde-45c5b614255e","3",{"_uid":568,"value":569,"component":538},"4b535ebe-6538-46de-ad39-983a3235757e","$1,075,000",{"_uid":571,"body":572,"component":545},"1da4eab9-1e18-4d8c-9c77-dc21b2dabf9e",[573,576,579],{"_uid":574,"value":575,"component":538},"1fc44d46-11f2-40a3-a66b-0e00c9d90a47","Ringwood North",{"_uid":577,"value":578,"component":538},"419f46af-d3de-4a5e-afda-6d7f5e21193e","4",{"_uid":580,"value":581,"component":538},"994392e4-9497-475d-9022-c90a8cecff5e","$1,252,000",{"_uid":583,"body":584,"component":545},"565d18e5-b287-44d5-8ef0-47b8815add9a",[585,588,591],{"_uid":586,"value":587,"component":538},"7f43f1b4-765c-4a65-a5fe-f3ff03cf2027","Mont Albert North",{"_uid":589,"value":590,"component":538},"662b8dc4-96ab-4034-9730-936e6c513e00","5",{"_uid":592,"value":593,"component":538},"900c217a-919d-4818-8930-4179a1b8a454","$1,500,000",{"_uid":595,"body":596,"component":545},"302b190a-6296-4bd0-a066-23c5f7f54e26",[597,600,603],{"_uid":598,"value":599,"component":538},"2dce423a-6310-401a-a9ca-2319c9340317","Ringwood East",{"_uid":601,"value":602,"component":538},"2d877b20-6786-4c74-8a9c-1c768dc113c7","6",{"_uid":604,"value":605,"component":538},"a676a62d-29ed-4bdb-bc74-ed8a705530ef","$950,000",{"_uid":607,"body":608,"component":545},"32424fd4-bddb-446d-93ed-97223aa01034",[609,612,615],{"_uid":610,"value":611,"component":538},"cdfa2e6d-d4fa-4bb7-a9f2-d0872f454317","Balwyn",{"_uid":613,"value":614,"component":538},"5be0c32a-c344-4edb-8222-b962287fb569","7",{"_uid":616,"value":617,"component":538},"c08d6357-f1de-448e-8a6b-9e895ae02cca","$2,639,000",{"_uid":619,"body":620,"component":545},"eb10d272-0181-4cdf-bfba-6badbd41b537",[621,624,627],{"_uid":622,"value":623,"component":538},"c9fe9e4f-4904-41ed-80c2-4c6d31d47cc8","Canterbury",{"_uid":625,"value":626,"component":538},"1ae961b3-4abe-411d-a5f6-035fe50b922a","8",{"_uid":628,"value":629,"component":538},"6be6f9aa-de55-4e44-8bd3-69040b777d1a","$2,544,000",{"_uid":631,"body":632,"component":545},"edcc34c9-7cdb-4d53-bf17-75d197411ce3",[633,636,639],{"_uid":634,"value":635,"component":538},"9673c943-1c38-4245-8972-901c60668386","Briar Hill",{"_uid":637,"value":638,"component":538},"96764bb9-c5c4-47dc-8ca6-fe725145a443","9",{"_uid":640,"value":641,"component":538},"c60e85f8-b9a3-4bbc-af86-03750f5f7a53","$1,110,000",{"_uid":643,"body":644,"component":545},"93471c1a-ba63-423b-aaef-8e1e44ef9066",[645,648,651],{"_uid":646,"value":647,"component":538},"b47bd420-a589-4411-b6f6-8214c1bae71c","Croydon Hills",{"_uid":649,"value":650,"component":538},"047aa385-6edb-4fc0-b7dc-6bbdf80e3d52","10",{"_uid":652,"value":653,"component":538},"550b6b72-8392-4cf0-84ed-8320630de8c9","$1,131,000",[655,659,662],{"_uid":656,"value":657,"component":658},"4b192581-e094-4ca8-85d3-93c8e0d8a5fe","Suburb","_table_head",{"_uid":660,"value":661,"component":658},"bf543afb-39ed-4d9f-a7ae-72da257a2edd","Tree Density Rank",{"_uid":19,"value":663,"component":658},"June Median House Price","table","Table",{"id":351,"alt":351,"name":19,"focus":351,"title":351,"source":351,"filename":19,"copyright":351,"fieldtype":345,"meta_data":667},{},"REIV analysis shows that greener areas with higher tree density is associated with higher median house prices. A suburb with tree coverage 50 per cent higher than the average for Melbourne sees an increase on their median house prices of $237,000. Two of Melbourne’s greenest suburbs had a median house price of over $2.5m in the most recent June quarter with Balwyn and Canterbury ranking seventh and eighth respectively for tree density.","NewsDetail",[],"the-value-of-green-suburbs-on-house-prices","our-industry\u002Fnews\u002Fthe-value-of-green-suburbs-on-house-prices",-8980,376271414,"14b53390-7acd-49cf-92f7-a9911b6e6c17",[],[],[]]