Property Update – June 2020
While many of us took a deep, reflective breath throughout May, the property market continued to perform with remarkable resilience. Yesterday, CoreLogic reported that property values in Melbourne fell marginally by just 0.9 per cent in the month of May.
Despite the slight fall, Melbourne house values are still up 12.2 per cent over the last 12 months. More importantly, inventory numbers are set to build again, and a preliminary Domain auction clearance rate in Melbourne hovered at an impressive 65 per cent over the weekend.
At Eton Property Group, sales have been strong as our team quickly adapted when the goal posts shifted. No matter the circumstance, quality product always attracts buyers.
With mortgage rates at record lows and governments willing to provide stimulus, there’s no better time to take advantage as Winter settles in. To see what projects we have on offer, visit our Projects page.