Vendors will return to the Melbourne property market. But should these sellers list in spring 2019 or wait until autumn 2020?
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Property market recoveries tend to start in traditional blue-chip areas – often in Sydney and Melbourne – and then ripple out through the middle and outer suburbs.
This isn't a critical election for property – whatever else the politicians say. Population growth - which looks secure - is more important.
Apartment dwelling stock could grow 23 and 27 per cent respectively in Melbourne and Southbank from that recorded in the 2016 census, according to the ABS. Adelaide and Sydney CBDs could add 21 and 17 per cent more stock respectively.
The clearly signalled interest rate falls and relaxation of credit will eventually be a brake on the property price falls of the last 18 months in Sydney and Melbourne and then the engine of new growth.