Market View: December 2019

Market View: December 2019

December 16, 2019

No one wants to be the person that misses a trend.

This idea has been one of the underpinning characteristics of the last 18 months in the Melbourne property market.

Back in April we cheekily asked the question “was that the bottom of the market?” Suggesting that the end of the 18-month downturn may be reversing. Since then, prices in most of the major cities around Australia have increased month-on-month.

From clearance rates of 45% in December 2018, to over 70%-75% since August, 2019, “Fear of Missing Out” is once again on the minds of buyers in the Melbourne market and predictions for price movements in 2020 might have something to do with it.

“Sydney, Melbourne house prices lead 2020 rebound”

“Melbourne housing forecast: ANZ tips house price rise in 2020”

“Houses have now regained almost half of the price falls that occurred during the recent downturn.”

Here’s where Australian property prices are going in 2020

So, what does all of this mean? That’s not for us to say, all we can do is mention our two most recent developments and that there are still one or two opportunities to call them your home.

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