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.