Hotspotting’s Terry Ryder expects Melbourne to have a strong year in real estate in 2022.
Despite all the restrictions experienced in the last year, Melbourne produced strong price growth, particularly for houses.
It wasn’t as strong as other major cities, but it was remarkably good in the circumstances.
So, how will the Melbourne market perform in 2022, free from lockdowns and with a variety of new factors emerging, such as international borders opening?
Hotspotting’s analysis of sales activity data, which is completed every quarter, shows that Melbourne surged out of lockdown when the last of the big restrictions ended in October 2021.
There has been a major increase in sales activity since then – and that inevitably leads to price growth.
Discover the areas poised for further growth in the new edition of Top 7 Melbourne Hotspots.