3 Sep 2014 By: Greg Hocking 0 Comment
Spring has sprung and Melbourne’s property market is set for an early bloom according to many observers.
The REIV anticipates the first ‘Super Saturday’ of more than 1,000+ auctions for the season will come early this year, happening as soon as mid-September rather than the traditional October period.
The most recent RP Data figures show a rise in Melbourne’s dwelling values of 11 per cent in the last 12 months with sales volumes also up significantly.
Investors remain active participants in the property market with the latest data indicating 33 per cent of all new housing loan approvals in Victoria during July were for investors.
Buyers are increasingly aware that they need to move quickly if they want to be settled in their new property by Christmas which is only 15 weeks away. The September selling schedule is already experiencing strong buyer turn out at open for inspections with many buyers enquiring about upcoming stock and new properties that have not yet hit the market.
Momentum is building – get ahead of the crowds this spring by calling us today.