Melbourne’s property market has shifted. We continue to experience various changes with property values on the decline, banks are tightening their lending and first home buyers are still challenged when entering the property market.
The Australian prime residential market has, and continues to, travel at a different pace to the mainstream housing market, according to Knight Frank’s latest research report - the Australian Prime Residential Review – 2018.
With an inviting coastal location, easy proximity to the CBD and access to fantastic schools, shopping, restaurants and wineries, demand for properties in Mt Martha is destined to rise, and rise quickly.
Melbourne records 13.2% house price growth in 2017: REIV
Strong demand for premium real estate, and a reinvigorated first-home-buyer market drove Melbourne house prices 13.2 per cent higher in 2017, the fastest rate of growth since 2010.
