With the school holidays well and truly behind us, the Melbourne property market is slowly gathering momentum heading toward Spring. A shortage of good quality homes and unprecedented low interest rates is intensifying buyer activity, with a decrease in the average days on market and a high number of properties being secured off-market.
Released during the past week, CoreLogic’s latest Home Value Index has revealed some fantastic numbers for Melbourne apartment and unit owners: a capital growth increase of 7.5% and average rental return yield of 4% was evidenced during the past year on average.
A change in your circumstances or requirements may lead you to ponder your options in the near future, as may the movement in the property market. An update of your property’s current value may assist in evaluating any move you are contemplating, or simply provide reassurance about the current state of the market.
To find out how your property stacks up in the current market, please click here
or contact us on 9091 1400.