At almost 74%, the Melbourne property market is finally recovering. This is the 4th straight rise since the Federal Elections.
Speaking with some buyers it is clear that with the Capital Gains Tax changes off the cards, the easing of lending and 2 consecutive rate cuts, confidence is finally returning to the property market.
Investors with foreign funds are also flocking back into the market, taking advantage of the weak Australian Dollar.
Stocks are also being reduced, as vendors alwho are inno urgency to sell pull their property off the market, while they wait for the market to rise.
Rise it will, if the current trend continues.
If you are preparing to get into the property market, have a chat with us. Claim your free property consultation today!
https://www.businessinsider.com.au/property-auctions-are-selling-at-rates-not-seen-in-more-than-12-months-as-sydney-and-melbourne-recovery-continues-2019-7