Advantage July Market Update
By | 22nd Jul 16

Advantage July Market Update

The Melbourne home auction market continues to hold strong and last weekend recorded a robust 74.2 per cent clearance rate although it was down from the previous weekend which had a boom result of 80.2 per cent. With mid-winter stock, it reflects a positive market and auction numbers should now start to increase as more stock comes on the market as we head into the spring selling season.

There is always constant speculation about the Melbourne property market crashing and many buyers who over the years we have seen choose to hold off on purchasing as they feel the inevitable crash is just around the corner. But over the years the Melbourne property market has typically doubled in value every 10 years. Melbourne is currently leading the way in Australia with population growth and we are predicted to overtake Sydney’s population by 2040. With this in mind it makes sense that we will continue to see consistent growth throughout our market place. To read about the expected growth by 2020 please, CLICK HERE.

The election has come and gone with most property investors relieved there have been no changes to negative gearing.  We were quoted in the Herald Sun after our client Chad Lewis commented that the proposed changes may be the best way to give first home buyers a fair go in the property market, which is a opinion that divides property investors. It has long been my recommendation to many of my clients, as was the case with Chad, to buy an investment property where he could afford to purchase and rent where he wanted to live. This has been a trend we have continued to see as more and more buyers are priced out of certain suburbs. To read the full article and our comments, please CLICK HERE. 

Until the end of August, we are offering anyone on our database a Free Property Consultation to discuss your property portfolio and some of the Hot Spot areas and types of properties we are now buying for clients. The property market is always evolving and it is important to keep updated on where the market is heading and ensure your investments are in line with your strategy. With so many apartments coming onto the market over the next two years, we can advise you on our recommendations for investments during these times. Please email tswift@advantageproperty.com.au to book your complimentary consultation valued at $495.00.

We hope you enjoy our July newsletter which is designed to bring you the latest in trends as well as property advise to help you secure your future through property. To discuss your property needs contact us now on 1300 697 356.

Yours in Property,

The Advantage Team