Property Update – February 2021
The Melbourne property market mounted an epic comeback in 2020, Domain’s House Price Report revealed last week. In the December quarter, the city’s median unit prices leapt by 4.4 per cent to an all-time high of $569,677, while the median house price reached a record $936,073, rising 5.3 per cent. If the housing market continues to perform as expected, the magical million mark could well be ticked off in 2021.
These record highs came off the back of a pent-up demand in the Melbourne market after the city’s second lockdown. Combined with record low interest rates and enticing federal government stimulus packages, the market roared back to life with renewed enthusiasm. Now is the perfect time to set yourself up for the opportunities that will present themselves in 2021.
We are listing brand-new projects for sale in the coming weeks, and we’re thrilled to show you the latest and greatest coming to market, visit our Projects page for more information.