Property Update
The Melbourne property market continues to perform as we make our way into a more certain 2022. According to Domain, the long weekend reported a preliminary auction clearance rate of 75 per cent with over 1,000 properties going under the hammer.
Recently released year-on-year data, also from Domain, recorded the strongest annual gains in 11 years with Melbourne house prices increasing by 16.8 per cent in the past year. In fact, the average house price in the world’s most locked-down city has risen by almost $150,000 in a year!
Good news yesterday for those holding a mortgage with the Reserve Bank keeping the nation’s cash rate at the record low 0.1 per cent for the 12th month in a row. Now is the perfect time to capitalise on market conditions as Christmas fast approaches. New Eton properties are coming to market every day with plenty of choice in the best locations.
For a quick snapshot of what’s available, visit our Projects page for our latest offerings.
