VIC Hotspots Bundle
$187.00 incl. GST
Top 5 Melbourne Hotspots 2020/21:
Melbourne’s unique situation in the year of the pandemic has delivered a markedly different outcome to many other locations.
The second wave lockdowns and restrictions have meant that the Melbourne market has had to deal with difficulties that other cities and regions have not experienced.
But, despite everything, the Melbourne market has managed to get through to December without any major damage to prices or consumer sentiment.
The latest price data from CoreLogic suggests that in the 12 months to the start of December, the median unit price has risen marginally – 0.4% – and the median house price is down slightly, just 1.5%.
But the latest figures out this week from SQM Research suggest that houses have risen 1.8% in the past 12 months and units have increased 4.5%.
Those are remarkably strong statistics for a market that has experienced all that has afflicted Melbourne in 2020.
So, against that backdrop, I’m expecting a strong performance from Melbourne markets in 2021.
We’ve already seen, in the short time since the restrictions were lifted by the State Government, evidence of busy activity in property markets and some strong sales.
So, as we contemplate what might happen in Melbourne in the New Year, where should investors be buying?
To answer that question, this week we have published our new Top 5 Melbourne Hotspots report, to provide our best insights into what to expect in 2021 and where best to focus your attention.
I think Australia will experience a national real estate boom in 2021 and Melbourne will be part of it.
To find out more, have a read of our new 2021 edition of Top 5 Melbourne hotspots.
Top 5 Victoria Regional Hotspots 2020/21:
The trend that is sweeping Australian real estate, the one we call The Exodus To Affordable Lifestyle, started in Regional Victoria.
It has been, and continues to be, a strong trend elsewhere in Australia – but it first became apparent in Victoria. And it continues to be a powerful force there.
It has been driven primarily by technology – which has created the ability for more and more people to work remotely – and has been enhanced in some instances by improved transport links.
The virus lockdown phases gave further impetus to this trend, by opening the eyes of more and more people to the possibilities of working from home. The phenomenon has gathered pace and in 2020, with the Melbourne lockdowns, has picked up speed.
This edition of the Top 5 Victoria Regional Hotspots gives you the pick of the crop – plus the data to explain why these locations are thriving and the growth drivers that will continue to push them into the future.