Weekly Market Update - 10th January 2017
By | 10th Jan 17

WATCH: This is the first video update by Frank Valentic for the year.

Happy New Year and welcome back to our first Market Update for the year in what I’m sure will be another busy year for our Advantage Property team as we expect another strong Melbourne housing market underpinned by the strongest population growth of over 100,000 people year on year. I hope you had a chance to have some well-deserved time off and relax with family and friends over the festive season. Read our predictions for the 2017 market in this Herald Sun article. 

I enjoyed a few weeks down on the Mornington Peninsula where we have owned a holiday house since 2006 in McCrae/ Dromana. The property market continues to go from strength to strength on the Peninsula benefitting from the improved access to the rest of Melbourne with the Peninsula Link and East Link freeways. McCrae and Dromana as well as some middle Western and Northern suburbs are amongst my “Hot Spot” predictions for 2017. Read all my hot spot predictions in this article.

Many commentators and property professionals got it horribly wrong with predictions for 2016 as they expected Melbourne’s market to peak and start to level off and decline. We predicted the strong growth to continue which it did with the Melbourne housing sector increasing by 17% compared to 7% for average shares and superannuation funds. So if you follow our advice, you would have made 246% more than those who invested in non-property investments.

Please don’t hesitate to visit our website www.advantageproperty.com.au or contact us regarding our popular Buyer’s Advocate, Vendor Advocacy, Property Management, Owner’s Corporation services and Group Block Purchases.