Property Update – July 2021
The Melbourne property market continues to go from strength to strength with new CoreLogic figures revealing that house values soared by 1.8 per cent in June, equating to almost $22,000 per property. This is a stunning result on the back of a citywide lockdown affecting the first half of the month.
Strong demand is being fuelled by record low mortgage rates, falling unemployment, high consumer confidence, the accumulation of 2020 lockdown savings, and low advertised housing stock. Further, investors have made a welcome return to the nationwide housing market borrowing 13.3 per cent more in May than the previous month, the ABS has reported.
Unique opportunities are out there with many properties not even making it to market. Eton agents have access to such stock, and now is the ideal time to get in touch and capitalise. You can view our latest project listings on our Projects page.