It’s a rare market indeed when an 18% rise in prices is seen as under-achieving.
Melbourne’s median house price rose 18% in 2021 (CoreLogic figures). This was a commendable result in a year in which Melbourne was dubbed as “the most locked-down city in the world”- but it under-performed relative to the national average rise of 24.5%.
This begs the question: what can Melbourne achieve in the coming year free of lockdowns and with international borders open, bringing back the considerable impact of overseas migrants and foreign students?
Regional Victoria has been a national leader on price growth for several years, including 24% growth both for house and for units in 2021.
Where to in 2022?
The answers to these questions, and a whole lot more, were revealed by award-winning buyers’ agent
and author Miriam Sandkuhler of Property Mavens and Hotspotting founder Terry Ryder in this free webinar.