Property Market Insights

As a buyers/vendors advocate, there is an expectation that in January I’ll publish a post outlining what is going to happen in the inner city residential market in 2025. The reality is that like anyone else, I don’t know with any certainty. And regardless of what is going to happen in 2025, I don’t think it is the right question. Property […]

The market is on the move, and it is heading up.

However, don’t panic just yet. The “quietly gaining confidence” I referred to in last quarter’s report is continuing, so we are a long way away from the FOMO days of 2020 and 2021.

As is often the case, Melbourne’s upturn is being led by premium inner-city suburbs. On this occasion by the inner east the strongest, the inner north and west a step behind, with inner bayside being the relative laggard.

In large part driven by media coverage – the common perception is that the market is in a bad way and we should be nervous about it.

And, whilst that may be true about the market overall, I’m seeing a different story in the niche I specialise in which is properties within circa 10 km of the CBD.

There is a lack of supply in my niche because of this general nervousness and there are even fewer high quality properties.