Day: January 2, 2021

What to expect in Melbourne property market in 2021

What lies ahead for Melbourne and Victoria’s housing markets?

Melbourne house prices could rise 10 per cent this year in a post-COVID-19 recovery as property experts predict a “family pandemic” will put sellers in control.

Time limited incentives of up to $54,000 for some buyers building a new home are also expected to provide the “perfect storm” for the housing construction industry early in 2021.

Advantage Property Consulting director and buyer’s advocate Frank Valentic said fear of missing out was creeping back into buyers’ minds and a two-speed market could have house prices surge as much as 10 per cent.

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