Although the economy is still recovering, low interest rates and government incentives have contributed to a strong rise in the Melbourne apartment market, and Melbourne’s unit prices have reached a record high.
According to the Domain House Price Report, apartment prices in Melbourne soared by 4.4% in the December quarter to $569,677, a year-end increase of 2.5%, after a short mid-term drop of 1.5%. Burwood, Williamstown, Blackburn and Hampton have seen strong house price growth.
Experts say that after the long-term lockdown in Melbourne, she sold the St Kilda West apartment and Seaford housing that she bought as a first home buyer 10 years ago. The apartment is very popular among the new generation of first home buyers, and they want real estate in the interior. A firm foothold in the market. In the year to December 2020, the median apartment price in St Kilda West increased by 12.8% to A$660,000.
https://www.domain.com.au/news/first-home-buyers-low-interest-rates-push-melbourne-unit-prices-to-record-high-1021758/?utm_campaign=strap-masthead&utm_source=the -age&utm_medium=link&utm_content=pos5&ref=pos1