Are you wondering what will happen to the Melbourne property market in 2024? Clearly, the Melbourne housing market has not performed as strongly as some other capitals over the last year, but Melbourne’s property values are expected to gain ground as we move through 2024. Melbourne home prices were flat in March, while unit values…
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Despite many weeks of lockdown, Melbourne houses had the highest rate of profit-making sales of the capital cities at 98.9%, up from 98.4% in the previous quarter according to the CoreLogic’s Pain and Gain Report. Melbourne was one of two capital city markets (alongside Hobart) to see an increase in the rate of loss-making sales…
Here’s a short update on the Melbourne housing market so far this year. The Melbourne economy has undoubtedly been the most impacted by COVID-19 in Australia, both because of the second major outbreak in case numbers through the September quarter, and because international migration has been a key component of population growth across the state,…
It’s an irony that Melbourne, which has won the mantle of the world’s “most liveable city” more times than any other city in the last decade, will remain in Stage 4 lockdown for virtually 3 months. Last weekend Premier Daniel Andrew extended the original 6 week lockdown, extending the ban on inspections of properties for…
After falling more than 11% in 2018-19 the Melbourne property market has made the strongest recovery in modern history. In a recent housing update, Westpac gave the following summary plus forecasts for the Melbourne real estate market… Victoria’s price recovery has gained strong momentum with increases running at a double digit annual pace over the…
Despite all the negative news in the press, there are many reasons not to worry about the future of the Melbourne real estate market. Today I’d like to share 5 things that you really should know about Melbourne property. Recently Dr. Andrew Wilson, Australia’s leading independent property economist, took the time to speak to many…
In an unexpected turn in the Australian property market, Adelaide and Perth are now nearly as pricey as Melbourne for the first time in up to 15 years, according to recent data. According to the latest CoreLogic Home Value Index, Adelaide’s median dwelling price jumped to $734,173 in March, a 1.4% increase, while Perth’s median…
Melbourne is now the number one choice for international property hunters in Australia, with rental interest from China almost doubling the levels before the pandemic across the country. The latest data from PropTrack indicates a significant increase in searches by global buyers and renters on realestate.com.au in the past quarter. Melbourne stood out as the…
Boy has our property markets had a lot to contend with so far this year. A pandemic, floods, Geopolitical problems, rising interest rates and a federal election just to name a few. While up to now the capital city housing markets have held their own, the latest data from My Housing Market reveals that Sydney…
Melbourne and Canberra’s property markets have officially broken the $1 million mark for median house prices during the June quarter as a ‘perfect storm’ of factors continues to drive our property prices higher again across all capital cities. Australia’s national median house price has climbed exceptionally close to the million-dollar mark at $955,927 – which…