Weekly Property Market update - July 18, 2018
By | 18th Jul 18

Your weekly Property update by award winning Buyer’s Agent Frank Valentic

The REIV released its latest June quarter price data and it shows that the market has become more of a buyers’ market and slightly more affordable to purchase. In the June quarter, the medium house price reduced slightly from $845,000 to $840,000 while the median unit price decreased from $604,000 to $601,000. Though both houses and unit prices were up 7.45% and 4.2% respectively for the year. The clearance rate for the weekend showed better buying opportunities again for buyers with a 62% clearance rate from 400 auctions. 

I am just returning from a month overseas where I enjoyed watching Australia and Croatia in the World Cup and experienced my fourth World Cup in a row. It was interesting going back to my family’s heritage in Croatia and seeing how much the country has changed, especially smaller areas like Makarska, Preko and Brac which are now popular tourist destinations.

It was relevant as it flows on to my presentations this weekend about “Hot Spotting” at the Melbourne Property Expo where many of these areas have become hotspots as prices have pushed people out of Split, Dubrovnik, Zagreb and Hvar. I will be covering this topic in my presentations at the Property Expo talking about Melbourne hot spots and we look forward to presenting on each of the three days. 

Please find information below about the Melbourne Property Expo and we look forward to you visiting our stall and listening to my presentation.  For free tickets for our valued Advantage property clients and colleagues, use promo ADVANTAGE below.

https://mayhem.eventsair.com/pbemelbourne18/tickets/Site/Register

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