How this winter can be great for sellers!
- In Melbourne, winter usually slows the property market due to seasonal factors. However, this year has seen a significant increase in new listings compared to last year, with a national rise of 1.3% and a 5% increase across major capital cities.
- During 2022 and early 2023, Melbourne faced vendor reluctance to list properties amidst rising interest rates and lower demand, leading to a decline in property prices. Despite these challenges, new properties have recently entered the market, indicating renewed seller activity as prices have rebounded.
- In 2024, Melbourne has exceeded expectations with higher monthly property listings compared to the five-year average, showing a notable 9.1% year-on-year increase. The broader metropolitan area also saw a substantial 23% rise in total property listings, setting a robust tone for the upcoming spring season. With recent tax cuts and stable interest rates potentially stimulating demand, Melbourne's property market appears poised for continued strength.
Call or text me 0480101966 and 𝗜 𝘄𝗶𝗹𝗹 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝘁𝗵𝗲 𝗹𝗼𝗰𝗮𝗹 𝗺𝗮𝗿𝗸𝗲𝘁, 𝗿𝗶𝗴𝗵𝘁 𝘁𝗶𝗺𝗲 𝘁𝗼 𝘀𝗲𝗹𝗹 𝗮𝗻𝗱 𝗲𝘃𝗲𝗿𝘆𝘁𝗵𝗶𝗻𝗴 𝗲𝗹𝘀𝗲 𝘆𝗼𝘂 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗸𝗻𝗼𝘄 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝘃𝗮𝗹𝘂𝗲 𝗼𝗳 𝘆𝗼𝘂𝗿 𝗵𝗼𝗺𝗲.
Sam's Property Buzz
Sam Weerawarna | 0480 101 966
Director / Licensed Estate Agent
