Positive property outlook brings more buyers into the market

Positive property outlook brings more buyers into the market

4 Nov 2014 By: Bruce Warburton 0 Comment

It’s been a bumper spring for Melbourne’s property market with record auction results. The auction clearance rates across Melbourne have surpassed previous records, spurred along by strong buyer demand and investor activity together with record low interest rates.

Early signs for the first half of 2015 are also positive. QBE’s Australian Housing Outlook 2014-2017 report suggests the favourable conditions are set to continue with key findings including:

  • An economic forecast that the Australian housing market will experience further growth over the next 12 months
  • Confirmation that Melbourne city dwelling values have increased by 9.4 per cent during the 2013-14 financial year
  • A breakdown of Melbourne median house prices which shows the median has jumped from $371,000 in 2006 to $658,000 in the June quarter of this year and is expected to hit $695,000 in 2016.

If you’ve been thinking about selling in the months ahead, now’s a great time to get the ball rolling.

If you would like to discuss the possible sale of your property, or to receive an appraisal of your property’s potential value in the current market CLICK HERE to send us your details.

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