The Age

Q&A with an insider

How would you describe the real estate market at the moment?
Melbourne's inner-city property market has started 2015 strongly, with an increasing level of buyer, investor and tenant activity across all price ranges. Confidence in the apartment market has also been consistent.

Are low interest rates having an impact on sales?
Low interest rates are a key factor in the current market sentiment, with strong buyer interest across all price brackets. The recent interest-rate cuts have also encourages many investors to re-enter the local market, given the strong rental demand.

What properties are in high demand?
We have seen an increasing number of buyers choosing to downsize to low-maintenance apartment living in Docklands from across the suburbs of Melbourne.

Are you noticing any trends in the market?
More than 70 percent of our buyers are owner-occupiers seeking a a lifestyle changes.

Glen Lucas
Managing Director, Lucas Real Estate

Published in The Age