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NEWSLETTER
Melbourne’s residential property market is set for a busy start to the year with prices expected to rise by 8-10% by the end of this year. This once again, puts housing prices at record highs, according to Macquarie property Insights report.
The rising property prices are expected to be further supported by historically low mortgage rates and the possibility of further cuts by the RBA.
The fear of missing out is prevalent throughout Victoria and is driving the increased activity and continued growth throughout 2020. The momentum is here and is expected to continue.
According to Domain, purchasing a property is becoming ‘far easier, there are less questions from banks and lenders are being less critical’. This approach is being welcomed by all and evidenced by strong auction clearance rates.
With property in demand, it’s now time to consider whether selling your property is the next step in your journey.
To find out more about the sales process, we welcome your call at Gotham Property.
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