The national property market is reaping the benefits of the low cash rate environment – and this is also the case in Melbourne.
BIS Shrapnel explained how Melbourne is especially strong at the moment, as its market is tight and buyers and investors want to make the most of the 2.5 per cent cash rate.
The report, titled Residential Property Prospects 2014 to 2017, predicts that property prices won't start to fall until 2016-17 when housing stock has improved across the country.
BIS Shrapnel senior manager and study author Angie Zigomanis noted how more properties are being constructed to meet demand, but there will eventually come a point when this is reached.
It's estimated that 184,400 new dwellings got underway in 2013-14, followed by a further 190,000 over the next financial year.
Are you in search of real estate in Carnegie? Having an expert real estate agent on hand can make sure you get the most for your money and find the property you'd always hoped for.
Matt Hurlston of Ray White Carnegie can help with your search and set you off on your new life in Melbourne's suburbs.
Choosing the right real estate agent can be the difference between a smooth, successful transaction and a stressful experience. Whether you’re selling, buying, or leasing, the agent you choose should align with your goals, communication style, and expectations. With so many agents in the market, knowing what to look for … Read more
Australia’s property market in 2026 is expected to remain resilient, shaped by steady price growth, ongoing supply shortages and evolving buyer priorities. While affordability pressures continue to challenge many households, changing lifestyles, design preferences and demographic shifts are redefining what Australians want from their homes and where they choose to … Read more