Chat with us, powered by LiveChatMore strong numbers for Melbourne market

More strong numbers for Melbourne market

The latest figures from the RP Data Home Value Index have confirmed what most of us who have been keeping a close eye on the local property market would have already suspected…strong demand has been continuing to push property values higher.

The latest data, which was released yesterday, found that property values in Melbourne were up 6.4% for the quarter to August, reflecting the strongest winter capital gains since 2007.

Whilst the fact that Melbourne has recorded year-on-year growth of 11.7% would have been good news for anyone thinking of selling this spring, the longer term perspective was, if anything, even more pleasing. In fact, RP Data says that Melbourne’s values have risen by an impressive 46.1% since the start of 2009.

Which just goes to show that if you are looking to buy in the current market, waiting for “a better opportunity” is probably costing you more than you realised!