News

We may be getting closer to Santa’s arrival, but that hasn’t stopped a number of homebuyers in Melbourne’s northern corridor moving ahead with their property plans by putting their next home right at the top of their shopping list.

For many Melbourne residents, there is an assumption that the arrival of December, (and the official start of Summer), is a signal that the activity levels in our property market will fall away as people’s focus turns to the festive season and holidays.

Now that the traditional Spring property market has drawn to a close for 2024, a number of local homeowners will now be considering selling in Summer.

There are those who may have assumed that the property market in Melbourne’s northern corridor would have started to ease up a little as we head towards the end of Spring and the change to Summer conditions.

It’s been interesting to see the level of curiosity among local homeowners and investors in response to the article I posted last week regarding the number of investors that are still active in the Melbourne property market.

Given the amount of mixed messaging in the media about the property market recently, including all the commentary suggesting that quite a few property investors are selling up their rental properties and getting out of the rental market, some people might have assumed that the number of Victorians purchasing property as a long term investment had dried up.

This October marked a momentous occasion for the Barry Plant Group, as they celebrated the 10-year anniversary of their partnership with Make-A-Wish Australia. For a decade, their 'Wishtober' initiative has exemplified community spirit, compassion, and generosity.

If you’ve been watching the media in recent weeks looking for the latest news on what’s happening in the Melbourne property market, there’s a fair chance that you’re more than just a little bit confused by the mixed messages that have been emerging.

In amongst the numerous announcements that came from the State Government this week regarding different methods of addressing the current housing shortage in Victoria, it was interesting that the Premier mentioned new measures to make the process of subdividing residential blocks easier.

You know that old saying that suggests “The more things change, the more they remain the same”? I was reminded of this expression again this week, as the real estate market is one of those fields where this saying is particularly relevant.

The old expression that “time flies” has rarely been more evident, particularly for those homeowners considering making a move in 2024, than the realisation that this year’s Spring market is now close to its halfway point!

It seems that the Reserve Bank’s efforts to put a brake on the Australian economy through the continuation of the imposition of the current interest rate regime has brought a higher level of stability to property prices across the country.