Find out why the demand for Melbourne property is so strong and then you will get an idea as to what the future may hold. It is all about educating yourself
Simon
There are areas within melbourne that have been on fire for the last 18 months, other areas that started moving 6 months ago, some have not moved at all and should with the ripple effect, other have gone backwards, albiet slightly.
It is a multi tiered market currently and hence hard to point to an overall generalised trend.
I would think that inner areas has achieved most of its growth in this bull run and things are looking good for most middle ring and some outer suburbs.
August's Herron Todd White report had Melbourne at its "peak of cycle" for residential houses however September's report points to "rising market", so even experts are finding it hard to put a finger on what melbourne is currently doing.
For me, I am focussing on areas that have really started chugging along and quietly confident in catching the ride upwards for months to come.
I would think that inner areas has achieved most of its growth in this bull run and things are looking good for most middle ring and some outer suburbs.
For me, I am focussing on areas that have really started chugging along and quietly confident in catching the ride upwards for months to come.