Property Update – 20 January 2020
2020 is shaping up to be a stellar year in the Melbourne property market if the gains reported in the last quarter of 2019 are any indication. CoreLogic figures revealed that the Melbourne housing market recorded strong quarterly growth to end the year with values climbing an impressive 6.1 per cent.
The forces driving this growth are becoming clearer. Mortgage rates are at an all-time low, borrowers are able to access money more easily, housing affordability has improved, and buyers are enjoying tax policy certainty after last year’s election result.
With more interest rate relief expected in the first half of the year, now is the perfect time to get a jump on the competition with new properties entering the market every day. For a glimpse into what’s available, head over to our Projects page.