Melbourne Property Report
What's in store for Melbourne property?
The Economy: We look at the critical local factors such as the local Budget and $ spend per capita, business investment, state housing finance and mortgage arrears.
Affordability: We look at the current Melbourne Affordability Index (AI) and track the first home buyer activity which is a good indicator of value.
Demand: Population growth in Melbourne is among the nations highest performers, and we look at the type of population which is growing the fastest. Net migration is a good indicator of demand for housing, whether that be people renting or buying - they need accomodation.
Supply: Housing stock for sale along with dwelling approvals can indicate a pipeline of oversupply when measured against population growth. In some markets in Melbourne there's oversupply, particularly the inner city apartment market, yet in other areas there's an undersupply. They key to finding which is which, is the vacancy rate, days on market and stock on market trend.
Investment Value: The critical component of determining investment value, is looking at the rental yields. When median prices outperform rental growth, you'll find an unbalanced market and diminishing value.