Property Update – August 2021
Back in February, we predicted the magical million mark in Melbourne would be ticked off this year. The day has come early with the June quarter Domain House Price Report revealing that house prices have soared to a median of $1,022,927. Considering everything we Melburnians have been through in the past year and a half, this number is remarkable.
We believe there is still plenty of growth left in the market as cashed-up owner-occupiers compete for properties with forward-thinking investors who’ve returned to the market with cheap mortgage rates up for grabs. It’s all adding up to a dynamic Spring selling season looming on the horizon.
In the market for something new? Now is the ideal time to get a jump on the competition with premium properties hitting the market every day. Visit our Projects page to view our available properties.