Articles

The market continues to be a challenging landscape for vendors and agents alike. The uncertainty partly fuelled by negative property headlines and high inflation rates pose more of a concern to buyers than the increase in rates.

We’ve seen since the middle of 2021 the rate of property price growth slow, and at a national level, May 2022 was no exception.

Well, the election wait is finally over and after what seemed like a never ending battle of the fittest, the campaigning is over, and life goes on.

With Federal and State elections looming and imminent interest rates rises on the horizon, it’s not out of the question that the property market will be victim to some negative flow on effects.

Two years ago, almost to the day, the word COVID-19 was doing the media rounds with many of us not giving it much thought and not expecting changes we would have to make to our everyday lives nor the sacrifices many of us would have to make.

Welcome to 2022! Although reports are indicating that the property market has started off in full throttle, Melbourne has been slower off the mark!

2021 has been another very challenging year for many and as we crawl to the finish line it’s worth taking stock and looking back at the year that was.

Some relief seems to be on the horizon at long last! Over the last couple of weeks we have seen a moderate cooling-off of the market which is being reflected in the clearance rates across Melbourne.

Good momentum continues to flow through the industry as agents, buyer’s advocates included continue to scramble to make tight inspection times and shortened campaign schedules.