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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.

As highly anticipated and reported in our last newsletter, the number of new listings over the last week have increased off the back of restrictions easing.

The last eight months has seen the property market jump in leaps and bounds and the industry has grappled with numerous, almost too many to count lockdowns with number 6.0 being the most hard felt amongst industry peers and buyers to date.

I think we can all agree that property prices Nationally have well surpassed expectations but let’s consider what prices may have looked like should COVID not had reared its ugly head.

The Melbourne real estate industry has become a well-oiled machine when it comes to ‘pivoting’ in a bid to cope with the multiple lockdowns imposed over the last 12 months and the latest lockdown 4.0 was no different.