Post-Pandemic Crash? No Chance! Why Prices Are Surging Post COVID19

Remember those long-held predictions about a post-pandemic property crash?

Well, there’s not much chance of that happening!

You might be wondering how is this possible? If the COVID19 pandemic was so tough on us economically, how is it that prices can be surging so strongly?

It is as simple as supply and demand.

As one of Melbourne’s best real estate agencies, Melcorp Real Estate has been in the thick of the action in recent weeks, and one thing is clear: there are more buyers than there are properties for sale.

The result? Fiercely competitive auctions and soaring prices as bidders go the extra mile to secure the property they want.

Many sellers have profited well above their reserve rates, a pattern that appears to be continuing week after week.

The overwhelming feeling among auctioneers, agents, and sellers has been that they were determined to take their properties through to auction day rather than selling them before.         

If you are looking to buy an apartment in Melbourne or a house in the suburbs, the reality is that you are sure to face fierce competition.

For many, apartments – either as a property investment or as a home – offer a great opportunity to break into the property market.

As one of the leading residential real estate service agencies, Melcorp Real Estate has an extensive range of listings on offer.

If you are a purchaser looking to break into the market, get in touch with us today and our friendly staff will be able to show you what’s on offer in the booming Melbourne property market.

Categories: Buy

To Rent or To Buy?

According to the 2021 Census of Population and Housing, 66% of Australians were homeowners compared to 30.6% who were renters. While owning a home may seem like the ultimate step to reaching your Aussie dream, not everyone is sold on the prospect of paying off a mortgage long term, opting to rent instead.  So what … More

Are Building Inspectors Worth It?

Before buying a home, you might be thinking about whether to hire a building inspector to check the property for defects and unseen damage. Whilst it isn’t compulsory to have a property inspected, it can provide you with further clarity about the longevity and maintenance of your future home and provide you with the reassurance … More

Discover West Melbourne’s Industrial Charm

Is this Melbourne’s new suburb-to-be? West Melbourne celebrates vibrant city living with a small-community atmosphere. It boasts a strong industrial heritage, and is rich with green spaces and well connected to shops, cafes and public transport. Have a wander through this up and coming industrial chic suburb to explore how West Melbourne checks all the … More

Best Dog Friendly Hot-Spots in and around Melbourne

In the CBD Arbory Bar & Eatery 2 Flinders Walk, Melbourne VIC 3000 With a 100-metre long deck and endless views of the Yarra, this outdoor restaurant and bar is the perfect inner city hot-spot to bring your pup while you enjoy a few cocktails and nibbles. Dogs are only allowed to accompany their owners … More

Best New Restaurant and Cafe Openings in Melbourne’s CBD

Known for its thriving café culture, the City of Melbourne continues to attract people from afar to come and enjoy some serious cuisine and coffee. We’ve got the lowdown on what new restaurants and bars have opened in the CBD this year. Check out the list for a look at the tastiest dishes, scrumptious desserts, … More