Happy New Year – January 2015 Market Outlook
Welcome and happy new year. We had a strong finish to 2014 with many great purchase results across Melbourne for our clients.
2015 has started to be just as successful, by securing some purchase opportunities with many properties that remained on the market as private sale over the festive season due to passing in at auction late in 2014 or just not achieving the desired results for the Vendors that become motivated to accept reasonable price offers early in January.
Now that most Vendors and Buyers have returned from holidays and after the Australia Day weekend, one could say that the official year will commence in the real estate market. We expect to see more property be placed on the market for sale, which will increase opportunities and negotiation options for Buyers.
Choosing a Buyer\’s Agent with the right attitude and your best interests at heart is an important process.
We are happy to meet with Buyers seeking some advice and wishing to obtain a consultation relating to their needs and our services in the constantly improving and competitive Melbourne Real Estate Market.
Whether you are seeking to buy a property as an investment or to occupy, we have the experience and skills to deliver a great result in your purchasing experience.
An overview of the December 2014 period for Melbourne – The World\’s Most Liveable City:
Melbourne\’s housing market remained solid in the final quarter of 2014, with the city\’s median house price of $669,000 up five per cent on the September quarter.
Prices increased in inner, middle and outer suburbs, in the latest REIV quarterly results released today.
\”Inner Melbourne increased by 11.7 per cent for the year with middle Melbourne up by
13.2 per cent and outer Melbourne at 8.9 per cent,\” REIV Chief Executive Officer Enzo Raimondo said today.
The December quarter median house price in regional Victoria was $344,000, up 5.5 per cent on September.
\”The data shows the regional market\’s increasing strength: a year ago the house price of
$320, 500 was a new record. In 2012 it was just $302,000,\” he said.
Supportive information source: REIV Monthly Research December Quarter – published January 2015
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