Melbourne’s double-digit growth

Melbourne’s double-digit growth

6 Aug 2014 By: Greg Hocking 0 Comment

Our offices have been kept busy in recent weeks with a new wave of buyers enquiring about existing and upcoming properties for sale. These buyers are enthusiastic and ready to act, with the majority hoping to sign sale contracts before the busy spring market is in full swing.

 

With buyer demand for quality Melbourne property holding so consistently strong throughout the year, it comes as no surprise to see the latest figures from the RP Data-Rismark Home Value Index which show that Melbourne property prices increased 3.7 per cent last month.

 

According to RP Data, the annual gain for Melbourne property values is an impressive 11 per cent.

 

With interest rates expected to stay low for the foreseeable future, many market observers are expecting the high buyer demand and strong market confidence will translate to a very busy spring.

 

Indeed, the REIV are forecasting a 14 per cent rise in the average number of auctions for August with the preliminary schedule suggesting 2,600 properties will go under the hammer this month.

 

Whether you’re buying or selling, our team of local specialists can help you achieve your property goals. Call us today.

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Greg Hocking

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