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The latest Melbourne housing market insights reveal that the city, alongside Sydney, is leading an ease in market conditions as analysts point to high inflation, raised interest rates and tightening lending.
Savvy buyers are still trying to secure a property to lock in interest rates now, in fear that they could rise further. With our experience in the area and through changing markets over the years, we always find that sellers will only drop so low and buyers will still need to buy to upsize, downsize etc, no matter where the market is at. In consequence our local market keeps bubbling along...
Melbourne’s southeast all the way through to the Mornington Peninsula are now best bets for big returns. They are the city’s best options for investors with money to splash on houses, despite looming price falls, and our little ol’ suburb of Bonbeach has taken out the number one spot!
The Herald Sun’s Make Your Move report, powered by PropTrack, ranks Bonbeach as
Melbourne’s best bet for investors in houses, and Cape I Sound the most solid for units. They topped the lists for property types across the city after PropTrack weighed up rental demand against yield and...
Price growth continues to slow with interest rate hikes expected to exacerbate the slowdown.
After prices increased rapidly throughout the pandemic, the heat continues to come out of the market. But luckily for our boasting beachside suburbs, we may just be the exception.
With interest rates now rising, and expected to rise much further, we are expecting price growth to continue to slow across the board over the coming months.
However many indicators show that the market still maintains a level of strength. The supply of properties listed for sale remains tight, with total listings 38.4% lower...
