News

Well, we’ve now into the second half of January. This means that many Melbourne residents are getting back into the swing of the working week, the kids are preparing for the start of the new school year and, if history is any guide, quite a few local homeowners will be making plans for the year ahead.

There’s been a lot of talk, particularly in various parts of the media, over the past year about property values in Melbourne and how they are performing.

One of the aspects of a long term career in real estate that I enjoy is the fact that nothing ever seems to stay still. We are constantly seeing changes in the market, both in terms of economic outcomes and the underlying trends that impact on buyers, sellers, investors and renters alike.

With the end of the year now just a matter of days away, I thought this would be an ideal opportunity to remind our readers that the festive season is actually an important opportunity for Melbourne homeowners, particularly those who are enjoying some valuable time off at the moment, to look at the year ahead and to consider what their own plans might look like.

As I’ve said before in these posts, one of the best things about working in real estate for as long as I have is the opportunity to make a positive impact on so many people’s lives.

The Barry Plant Group has once again demonstrated the extraordinary power of community and generosity celebrating the 10th anniversary of its Wishtober campaign in 2024, by raising $84,329.01 for Make-A-Wish Australia.

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.