The House Price index, updated in February 2018, shows that house prices in Poole have increased by over 3% over the past 12 months with the average home now exceeding £300,000.
Poole outstrips the average house price in the County, as well as nationally with average house prices in Dorset reaching £293k and £225k as a national average.
Over the past five years Poole residents have seen an average house value rise of £81k compared with comparatively lower jumps across Dorset of £67k and £65k nationally.
First time buyers are also spending, on average, £64,000 more on their first homes than five years ago which also exceeds the Dorset average of a £51,000 increase over the same period.
Whilst house prices are rising nationally and getting onto the housing ladder is a challenge in any market, the Borough of Poole area is feeling the consequences of housing targets not being met for four of the past five years, with the average housing completions sitting at 307 against a target of 650 homes.
Poole has clear geographical constraints and the release of sites such as Canford Park are undeniably essential to boost housing supply and start making a difference in helping families and local people stay in the Poole area.
Canford Park could deliver a minimum of 800 homes, with a focus on family homes and with 40% (320 homes) to be provided as affordable homes.
ENDS