Market View & Fairfields Update: June

Whether it’s the emotional and physical stamina getting through another Covid Lockdown or just the usual day-to-day everyone’s been busy.

 

For us at Mason Developments, we were really grateful to keep doing what we do over the last month, so here’s a little bit of a taster of what we’ve been up to below:

 

The Market

You’re not crazy, it’s crazy out there.

 

Corelogic’s national Home Value Index increased by 2.2% in May, 2021. This followed increases of 1.8% in April and 2.8% in March (the highest recorded in 32 years for a single month).

 

Melbourne values increased by 1.8% and are up 5% since last year.

 

Tim Lawless from Corelogic observed:

 

“The combination of improving economic conditions and low interest rates is continuing to support consumer confidence which, in turn has created persistently strong demand for housing.  At the same time, advertised supply remains well below average.”

Read the article in full here

 

The Fairfields

 

The scaffold is down at our latest townhouse project and the end is coming into view in Fairfield.

 

It’s always a great moment when scaffolding comes down on a project, like unwrapping a present and there is always excitement with a tinge of nervousness.

 

Thankfully, it’s looking as good as we thought it would with the stone and joinery going in, the floors and tiling done and the architecturally-designed exterior really standing out from the crowd.

With the Victorian Government’s 50% stamp duty discount ending June 30, now is a great time to come through the townhouses and claim your Home in a Mason Developments project.

 

 

Permits, Permits, Permits

We were delighted to receive not one, but two planning permits for two new projects.

Both set in the hills around Melbourne’s East, it’s a treechange for us and we can’t wait to share some updates with you as we go.

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