Melbourne Property Wrap-up Jul-Sep 2020 If you recall our July 2020 update, we've predicted a rather stagnant property market in the July-Sep 2020 quarter. Have a look at the the infographics released by Corelogic in Oct 2020 above. The property market outlook for Oct-Dec 2020. The property market outlook for Oct-Dec 2020 is going to be exciting.

As Australia starts to relax its COVID-19 restrictions, Victoria has suddenly seen a spike in infections, and 12 suburbs are being put back into stage 3 lockdown. What does this mean for the Melbourne property market? How will this impact the Melbourne property market? What should you do, if you are STILL house hunting? Savvy property hunters are still buying throughout the lockdown. Should you have bought? Is it too late for you? COVID-19 Melbourne has, unfortunately seen a spike in COVID-19 infection numbers. 12 suburbs have been marked as COVID hotspots and travel in and out of these suburbs are being discouraged. This may seen dire, but how would this affected interests in the property market? While buyers are still buying, and properties are still being sold, CoreLogic has reported a drop in median prices. Is this a sign that the property market is crashing again? Unlikely. While drops of 1% make newsworthy and eye catching headlines, it does not necessarily mean prices are starting to crash. Prices seem to be trending down, but with buyers usually shopping within a price range of +/- 10%, it is hardly a cause for concern. What's more worrying is the curge in COVID-19 cases in Victoria. The possibility for a state-wide lockdown is high. Victoria could be put back into a Stage 3 restriction, if not worse. This means, non-essential businesses will once again be forced to shut, and non-essential travel banned. Outlook for the next 3 months If a statewide lockdown is re-instated in Victoria, activities could see a slow-down in buying and selling. Prices over the next 3 months will likely be stagnant (+/- 2-3%). Why so? Here is why: Foreigners are buying into Melbourne properties. They have seen how the Melbourne property market has consistently performed over the last 30 years, and the low Australian dollar is making this even more attractive. They will be reaping the rewards of low AUD (which will appreciate in future), plus the consistent 7% annual growth in property prices. While the rise in COVID-19 numbers are alarming, it is not unexpected. The spread of COVID-19 numbers worldwide, has reached a point where its containment and eradication is no longer practical and possible. People will start to get used to the the notion of living with COVID-19 for a while. When Smallpox, tuberculosis, AIDS were first discovered, people are equally alarmed at how deadly they are. Despite decades of trying to cure and eradicate these diseases, they are still around. And life goes on for us. Humans will learn to adapt to the new normal. Other than Victoria, all other states and countries in the Oceana reagion is starting to open us, and business activities are resuming. As the economy of the states around Victoria boom, Victoria has a lot to catch up. And the longer it stays shut, the more it will have to catch. And it will catch up. Victoria will not stay shut forever. We believe if a lockdown is re-instated, it will likely last 4 to 6 weeks, max. What does this mean for the buyer? Well... this would be the million dollar question. What should you do ? Get in touch to find out.

They are colleagues at work, and had decided to buy their first homes with similar budgets. The real names had been replaced by Group 1 and Group 2, and their budget and property price growth has Case Study: Group 1: Budget $1,000,000. Bought with our Buyers Advocates, and took 3 months. Group 2: Budget $1,000,000. Bought on their own, and took 9 months longer. Keeping their original budget of $1,000,000, they managed to buy about 15km further away from the city

Key strategies include setting a firm budget, understanding the property's value, and having a bidding Know your budget. Step 3 helps you set your budget. Budget is critical. Stick to your budget. With the above preparations done, you are now all set for the auction. Review your budget limits. You have one last chance to review and revise, if you need to.

There is always a good location for your budget and goals. You need to identify them. However, the best percentage performer is in the first home buyer budget range. What actually happens : In Melbourne, properties in the first home buyer budget range perform 20-25% A smarter blueprint for property investors in 2026 Clarify your brief (growth vs yield, budget, time Next step: Send us 2–3 addresses you’re considering (or your brief and budget), and we’ll show you what

projects int he region will continue to drive net migration inflow ✅ Forecasted price growth of 7% by 2021 There is a budget to suit everyone. * Limited Stock! And stock varies.

Slick “free” property investment seminars lure budget-conscious buyers into developer-funded deals that Targeting the Budget-Conscious : Those eager for freebies are often the least able to absorb investment ’t find on public listings such as realestate.com.au Data-driven suburb shortlists tailored to your budget Local Expertise, Proven Results Established 2016 with hundreds of successful purchases across Melbourne

range: $415,000–$425,000 Negotiated outcome: we paid above price guide - read why below Settlement: Feb 2023 The property was successfully settled in February 2023. the Reason Why We Paid More Prices are Growing for Good Properties In just two short months, by March 2023 Price update in 2026 Fast forward to September 2024, and the property is now valued at nearly $600k, Price update in 2026 In June 2026, 3 years after the purchase, this property is now worth $700k, in its

Deal Snapshot: What We Achieved Client: NSW property investor Target budget: $750,000 Purchase price: Melbourne, our job is simple: protect the buyer’s interests and secure the best property possible for the budget

As at July 2026, the State Revenue Office Victoria lists the First Home Owner Grant as a $10,000 payment As at July 2026, eligible first home buyers in Victoria may receive: No land transfer duty for homes The right answer depends on the buyer, budget, suburb, property type and long-term plan.