Realestate.com.au’s January 2019 Property Outlook report reveals conditions remain highly variable across the country, with most capital cities either stabilising or recording moderate growth for the year and December quarter.

Year-on-year December 2017-2018 Melbourne prices only had a mild 1.5% decline, in comparison to Sydney where house prices were down 5.9% and Perth down 3.6%. For the three months to December 2018, Melbourne was only down 0.5% – a far cry from ‘the worst conditions in 30 years’ that many are sensationalising.

The realestate.com.au House Price Index is showing that declines are far less severe than what many other commentators are saying and whilst there is no doubt we are seeing price declines in Melbourne and Sydney, they are not as pronounced as first thought.

At this stage, it is looking like restrictions on home loans will not be a big focus of the final Financial Services Royal Commission report and it is unlikely it will get any tougher for home buyers looking to borrow.

Sales from our team this week include:

• 20 Mayona Road, Montmorency
• 1 Kathleen Grove, Bulleen sold for $1,445,000
• 296-298 Jumping Creek Road, Warrandyte sold for $950,000
• 44 Hotham Street, Templestowe Lower
• 10 Wakefield Place, Templestowe sold for $1,300,000 (pictured above)
• 295-299 High Street, Templestowe Lower sold for $2,085,777

Currently under offer:

• 107/21-23 Norwood Crescent, Moonee Ponds
• 3 Crompton Street, Mitcham
• 6/35-37 Wooddale Grove, Donvale
• 202/160 Williamsons Road, Doncaster
• 1/9 Morris Street, Doncaster
• 281 Blackburn Road, Doncaster East
• 8 Lomond Court, Warrandyte