Property Update – 6 July 2020

Under trying conditions in some regions of the Melbourne marketplace, preliminary clearance rates held firm with 62.2 per cent of 373 auctions successful over the weekend, Domain reports.

Our team are experiencing an increased inquiry level from purchasers transacting in the top-end of the market, first homeowners capitalising on a raft of government stimulus packages for off-the-plan buyers, and investors making the switch from commercial to residential real estate.

There’s some good buying to be had in a balanced market, but don’t expect the window of opportunity to last for long. Visit our Projects page for our latest market listings.