Melbourne Suburbs to Watch in 2016

Melbourne Suburbs to Watch in 2016

1 year ago 0 0 856

Melbourne Suburbs If you’re watching the Melbourne suburbs market following our last posting on the Australia Outlook for 2016, here are some tips to give you a heads-up on what Melbourne suburbs to look out for in this city this year. To recap, Melbourne did pretty well last year, ending 2015 on a high auction note compared to other cities in Australia. However, median house prices growth is expected to moderate this year, yet the increasing population and relatively low interest rates will continue to fuel interest in the property market in Melbourne. Real Estate Institute Victoria (REIV) expects moderate growth across the city in 2016, with further price increases in a range of suburbs in Melbourne’s inner, middle and outer rings. Based on research by the REIV, here are the suburbs to look out for: West of CBD Footscray Altona Sunshine Spotswood North of CBD  Preston Epping East of CBD

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Outlook 2016: AUSTRALIA

1 year ago 0 3 1112

TALK is rife that the Australian property market is poised to slow down and prices are set to slump, attributed to an ongoing market correction in Perth and Darwin, and the APRA actions of restricting credit growth. As usual, this has sparked a debate among the experts. Some say that Australia’s housing price boom has hit its peak, and there could be an impending recession. Other industry insiders say that a price correction is part of the cycle. Macquarie predicted a dip in house prices of as much as 7.5% by March 2016 – a figure that some experts have dismissed. Naturally, this has sparked concern among investors and home buyers on how major Australian cities like Melbourne, Sydney and Perth will be affected. Louis Christopher, managing director of independent property research company SQM Research, forecasts that the national housing market will slow down in 2016 predominantly as a result

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