In fact, the Domain report showed that the Melbourne market experienced a quarterly rise in both house and unit prices for the first time in 18 months.

This analysis of the property market indicates that Melbourne’s median house price rose 0.3 per cent during the June quarter. More impressively, the data showed that our median unit price rose 2 per cent over the same period. There seems little doubt that these results provide further confirmation that the Melbourne property market has begun to rebound from the uncertainty that it has experienced since late 2017 when the market peaked.

On top of these figures, we also saw a report in the Herald-Sun on Saturday (July 27) that one of the leading property market analysts has identified our local market as one of Melbourne’s top performers in coming years. The Select Residential Property Research Group forecast that the Gladstone Park property market would experience 17% growth between now and 2022, after analysing 20 different metrics reflecting supply and demand in Melbourne’s suburbs.

Good news like this certainly has an impact on buyer confidence in our area, as we saw with the attractive four-bedroom home in Dufton Court, Greenvale which we were due to auction this weekend. Set in a quiet court with Greenvale Drive Reserve over the back fence, this location had plenty to offer a growing family, particularly with its expansive outdoor entertaining space. So strong was the reaction from the market that the vendors decided to accept a convincing early offer rather than waiting for the scheduled auction.

We also sold a neat four-bedroom home in Venezia Promenade in Greenvale (pictured) for $585,000.

Keep in mind that if you are planning a move in 2109, make sure you get good experienced advice before you do anything, and that you have a plan that works around all the different distractions that can impact the property market over the coming months. These can include school holidays, the football finals, the Spring racing carnival and long weekends.

For a confidential chat on how to make the most of the improved market conditions, you can call us at Barry Plant Gladstone Park on 03 9330 1088.