Confidence on the rise in Melbourne

Confidence on the rise in Melbourne

by 0 comments

Staff Reporter

Confidence in the Melbourne property market is on the rise, according to one leading property analyst.

The city of Melbourne is set to record a modest house price recovery this year, Louis Christopher, managing director at SQM Research has said.

“We have already noticed that vendors have become more confident since the start of the year in areas such as Albert Park, Carlton, Port Melbourne and Toorak,” he said.

“We think this confidence will spread to other parts of inner and middle Melbourne.

“However, we hasten to add there is still a lot of stock on the market, particularly in some outer ring areas that we cautioned on last year.

“We are also cautious of Docklands and Southbank right now. There are elevated vacancies in these areas and we are aware of yet more developments coming onto these localities.”

However, according to SQM Research’s Melbourne Housing Boom and Bust report “the best returns out of Melbourne for this year will likely come from houses in the inner city, excluding Docklands and Southbank".

Staff Reporter

Confidence in the Melbourne property market is on the rise, according to one leading property analyst.

The city of Melbourne is set to record a modest house price recovery this year, Louis Christopher, managing director at SQM Research has said.

“We have already noticed that vendors have become more confident since the start of the year in areas such as Albert Park, Carlton, Port Melbourne and Toorak,” he said.

“We think this confidence will spread to other parts of inner and middle Melbourne.

“However, we hasten to add there is still a lot of stock on the market, particularly in some outer ring areas that we cautioned on last year.

“We are also cautious of Docklands and Southbank right now. There are elevated vacancies in these areas and we are aware of yet more developments coming onto these localities.”

However, according to SQM Research’s Melbourne Housing Boom and Bust report “the best returns out of Melbourne for this year will likely come from houses in the inner city, excluding Docklands and Southbank".

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

With a combined sales volume of over $14 billion in 2017, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
How this agent grew his database by 50% in five years

In this episode of Secrets of the Top 100 Agents, Robert Pignataro joins host Tim Neary to explain how he increased his personal database by...

View all podcasts

Does the benefit of being part of a branded group outweigh the cost?

Yes
No
Depends on the group
Do you have an industry update?