2/6 Australia’s Property Market All About The Rate Hikes ~ Victoria

Let’s discuss the Victorian market after the rate hikes in Australia.

Buyers are meticulously assessing each listing in their pursuit of a good purchase, showing little interest in renovation or development projects. The scarcity of renovated houses is driving up prices. There are two types of buyers: one waiting for the market to reach its lowest point before acting, and the other remaining interested despite reduced borrowing capacity.

In Melbourne’s rental market, there has been strong annual growth of 10.1% in the 12 months leading up to February. The surge in demand for units is driven by return-to-office mandates and the return of international students. Regions in Victoria have seen reasonable price declines but have maintained strong net gains from the pandemic rush.

We hope you are finding this series interesting. Join us next time when we explore the Queensland market after the rate hikes.

~Integrity Team

😀If you want more information on how to succeed at property investing, order your copy of Daimien’s book Wealth Through Property. The smart investor’s guide to fast-tracking your financial freedom through property investment. CLICK HERE

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

Legal Disclaimer: This information ('the information') is presented for illustrative and educational purposes only. It is not presented nor should it be treated as real estate advice, legal advice, investment advice, or tax advice. All investments involve risk and potential loss of money. If you require advice in any of these fields you should contact a suitably qualified professional to assist and advise you. Your personal individual financial circumstances must be taken into account before you make any investment decision. We urge you to do this in conjunction with a suitably qualified professional. Daimien Patterson, IntegrityX Enterprises Pty Ltd, and their associated trading names, companies, researchers, authorised distributors and licensees, employees and speakers do not guarantee your past, present or future investment results whether based on this information or otherwise. Daimien Patterson, IntegrityX Enterprises Pty Ltd and their associated trading names, companies, researchers, authorised distributors and licensees, employees and speakers disclaim all liability for your purchase decisions. You should do your own independent due diligence and seek the advice of qualified advisors before making any investment decision.