Property Update – September 2021
Spring has sprung and it’s business as usual at Eton as our vendors continue to enjoy strong sales with purchasers happy to sidestep the necessity of an onsite visit when buying off-the-plan. We’re expecting a later start to the traditional Spring selling season, but a successful one all the same.
Newly released CoreLogic figures have revealed that Melbourne’s house prices are 1 per cent higher over the past 28 days, while last week, ANZ predicted that prices would rise by 20 per cent over the entirety of 2021.
Our agents are reporting high demand in the marketplace with the expectation of strong results for the industry as a whole when the light eventually turns green. Buyers are keen to transact while mortgage rates are at record lows, but the supply of properties for sale is beginning to decline. Of course, this will sort itself out when the state opens up again.
You can view our latest property listings on our Projects page.