Tag #Long-Term Ownership

What are the Melbourne suburbs with the longest median property hold periods, and what factors contribute to their enduring appeal?

In Melbourne, suburbs with the longest property hold periods offer insights into community stability and desirability. Portsea, a prestigious Mornington Peninsula suburb, boasts a median hold period of 21.9 years, reflecting strong owner loyalty. Comparatively, more affordable suburbs like Keilor Downs, Delahey, and Taylors Lakes in the Brimbank council area exhibit similar long-term residency patterns, with median hold periods exceeding 16 years.