Continued growth in house prices, especially in inner and middle Melbourne, combined with changing lifestyle expectations and demographics is leading to significant growth in demand for various medium density dwelling types including townhouses.
This well-known catchphrase expresses the fundamental idea that the area or location of a property is the most important factor in determining its worth.
After five years of growth, most have come to accept that the property market has changed in recent times, and that it is no longer purely a seller’s market.
We have all seen the ads on TV in recent times with an emerging trend of Real Estate companies who claim to do things differently when selling your property.
Buyers can always find reasons for waiting to take action in the property market, but Lauren Staley of Infolio Property Advisors, says the real estate market is rising and will continue to do so.
CEO of the REIV, Geoff White, expects strong Melbourne sales to continue into December, and, after the traditional holiday slow-down, for the market to pick up again in 2017.