Getting ahead of Melbourne’s property market recovery

2023-07-25

There are strong signals that the property market is moving into recovery mode, and a lot sooner than many people were anticipating at the start of the year. CoreLogic’s national Home Value Index (HVI) is 1.0% higher over the past three months, indicating that the housing market has moved through an inflection point after the sharp declines of 2022. In Melbourne, prices in some of the city's more expensive suburbs have been rising, which is pertinent, given historically a lift in affluent areas s...

There are strong signals that the property market is moving into recovery mode, and a lot sooner than many people were anticipating at the start of the year.

CoreLogic’s national Home Value Index (HVI) is 1.0% higher over the past three months, indicating that the housing market has moved through an inflection point after the sharp declines of 2022.

In Melbourne, prices in some of the city's more expensive suburbs have been rising, which is pertinent, given historically a lift in affluent areas signals a broader market shift is afoot.

Jarrod looks at what’s driving the recovery and how investors should approach the period ahead.

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