Melbourne

 

PHOTO: Australia

While homes across the country have had tens of thousands of dollars wiped off their values in recent months, some suburbs are absolutely skyrocketing.

But what are the secret ingredients that make some suburbs bust while others boom?

According to realestate.com.au chief economist Nerida Conisbee, it comes down to a handful of key factors.

They include new infrastructure projects, lifestyle factors, affordability and their attractiveness to young people.

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