Property Update – April 2021
Melbourne’s property market continues to surge with a number of reports revealing the full extent of the boom. New housing loans are up 80 per cent since May last year, and Melbourne’s median house price has already risen $60,000 in 2021 with ANZ economists tipping growth of 16 per cent for the entire year, the largest single-year increase since 2010.
Owner-occupiers have led this charge with investors showing more caution, but not any more. Investors took out $1.94 billion worth of housing loans in February, a 13 per cent increase on the previous month, the latest Australian Bureau of Statistics lending data revealed last week.
A combination of low interest rates, strong economic recovery, and high consumer confidence are underpinning the market. As the Autumn selling season goes from strength to strength, we believe there’s no better time to make a move.
Visit our Projects page to view our latest listings.