Market Update 17th November 2020
By | 18th Nov 20

Melbourne’s property market continues its strong recovery after lockdown with a strong 82% clearance rate from 484 reported auctions. There was again strong demand at the auctions we attended with some big results including a house in Balaclava Road Caulfield North that sold for $665,000 above the price range guide. Property listings in Melbourne have been down around 44% in the September quarter due to the Melbourne lockdown. This is slowly increasing now as the housing market picks up pace in Melbourne. 

Investor activity is back improving and to pre Covid levels according to a recent ABS survey. The number of property investor loans in September returned to more than $5 billion in value and this is similar to February before Covid hit.

We are often being asked by clients if they should buy now or wait. Stock levels are down and the right property can take time to find. Read our comments and tips in Samantha Landy’s article about how to navigate the current property market.
https://t.co/b6GfSAKHbJ?amp=1