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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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…
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…
In a remarkable display of market strength, Australian homeowners in key capitals have witnessed their property equity soar by over $100,000 in just the past year. The PropTrack Home Price Index for March reveals a noteworthy trend: even with a surge in listings, property prices have not only held firm but reached new heights, underscoring…
2024 is shaping up to be an extraordinary year for established “family-friendly” apartments (what many of us call “flats”) in Melbourne. These aren’t your run-of-the-mill units; we’re talking about properties that exude unique charm, offer generous space for comfortable living, and are nestled in neighbourhoods where heritage protections ensure the preservation of character. These factors…
Just as last year – 2023 – defied the forecasts of economists and news media, delivering solid price growth around Australia, it looks like this year – 2024 – is going to surprise many of those who made forecasts earlier this year. Our housing markets finished the first quarter of the year generally much stronger…
Last month’s 0.6% lift in national home values marked the 14th consecutive month-on-month rise, taking the index 1.6% or about $12,000 higher in the March quarter. Since declining 7.5% in the downturn between April 2022 and January 2023, the national home value index has increased by 10.2%, adding approximately $72,000 to the median value of…
When it comes to property investment, there’s no shortage of information available about what budding investors should do in order to ensure success. And just as important are the pitfalls to avoid so you don’t become a statistic of the property game. While many investors start out with the intention of making it big in…