Property Buying in Melbourne - Where to start?
How to buy your Melbourne property within the next 6 months?
Property prices have been rising faster than wage growth for too long. For many years, first home buyers have been trying to save up for the 20% down payment, only to realise that, unless you have a fantastic wage, it is often out of reach.
But the recent correction have changed the situation significantly. Melbourne property prices had retreated to 2016 levels. They have bottomed, and have already risen. In the past 6 months alone, Melbourne property prices have risen over 5-10%. Panic buying, and the Fear of Missing Out (FOMO) frequently takes hold of the buyer. Thus, resulting in fierce bidding, and, sadly, many successful buyers ended up overpaying for their purchase.
But, Melbourne property market is complex market consists of markets within markets, Allowing it to cater to different buyers. In some areas and markets, prices are still below 2018 levels, so there definitely still are buying opportunities. But you have to know where to find them.
If you have been wanting to get into the property market, jump in before it is too late.
Did you know:
A study by Canstar reveals that it takes a person an average of between 6 to 12 months to find a property?
And buying through our buyer agent service takes an average of only 12-16 weeks? That equates to over $100,000 in savings! Here's why.
Follow through to the next page to find out what how to start your property search.
Or you can get in touch with us now.
The property market hibernates from Christmas
Jump in before it's too late.