Melb's March quarter puts in a healthy performance (YAY!!)
- Low interest rates (unchanged at 3.0% - WOW) are continuing to boost Melbourne's real estate market. Here's the link to the RBA minutes - could be useful to understand today's property prices and trends.
- Improvements in prices were particularly pronounced in the inner and middle ring suburbs, with Balwyn, Brighton, Northcote and Camberwell all recording strong growth.
- shows downsizers swapping a large family home for a smaller dwelling are the best placed to take advantage of the cheaper housing finance.
- buyers remained cautious and there were opportunities for astute buying.
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