Newsletters 2024
Market News.
According to PropTrack, Melbourne home prices rose 0.3% in in February taking the metro’s median home price to $797,000.
From Property Mavens perspective, that makes Melbourne a red-hot favourite to lead growth in 2024, especially towards the end of the year.
With inflation already down to its level of 2021, investors are betting interest rates are likely to fall in the second half of the year and are coming back into the market in force.
Market News.
It has been a typically uneventful summer for real estate with market figures showing not much change.
The average Melbourne home now costs $777,250 after a rise of 3.9% over the last year.
Agents report a solid uptick in listings at the start of 2024 and are generally speaking bullish about the year ahead.
Market News.
Like many years, 2023 started with predictions of falls in property prices. Also like many years, that didn’t come to pass
Australian house and apartment values had a solid year, increasing by 8.1% nationally over 2023, according to analysts, CoreLogic.
As you can see below, perennial underperformer Perth turned the tables on an ordinary decade recording a 15.2% jump in prices
