What is the expectation of the Melbourne real estate market in 2019?
Realtors are planning to sell more in Melbourne, one of Australia’s most important centers. According to experts, the next year will be a good year in Melbourne thanks to population growth and new housing projects.
The Block regular Greville Pabst said be moving in the new year to set themselves up for the next boom.
“There has been no better time in the last 30 years to buy good property,” Mr Pabst said.
“Making good decisions now will set buyers up for the next upswing between 2021-2025. “Stock shortages will be acute by then if we continue to undersupply the housing market at the current rate of population growth.”
Advantage Property Consulting director Frank Valentic said first-home buyers would be one of the most prolific buyer groups and could drive sales for homes below $600,000, but sales would still continue higher up the ladder.
Sevdenur Demir / realestatecoulisse.com
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