Market Update

With record levels of property for sale across Melbourne, buyers are enjoying more choice & more opportunity.

Lucas Real Estate Director Baden Lucas states, “during the past month there has been lots of investor activity and we have seen definite signs of first home buyers returning to the market. The suburbs of the Inner City provide many affordable property opportunities for would-be buyers and coupled with strong rental demand, continue to make an attractive proposition for investors.”

“In Inner City Melbourne we have seen many first home buyers purchase with confidence in the $400,000-700,000 segment of the market. Another Inner City hot spot is property priced between $300,000-500,000 in Southbank and Melbourne’s CBD, which is being heavily sought after by investors who are enjoying better returns via property investment than what they are getting from the bank.”