The appetite for renovated homes has also increased substantially due to high building costs and supply-chain issues, and we expect this trend to continue for some time.
We anticipate buyers who felt overwhelmed in the past couple of
years will re-enter the buying arena and continue to stabilise the
market from further price corrections. Meanwhile, demand for
entry-level homes and apartments has been bolstered with the 1
July lifting of the threshold for the housing guarantee scheme to
$800,000 in metropolitan Melbourne.
Previously high vacancy rates are beginning to trend downward,
with the apartment market seeing the bulk of the benefit.
However, family homes remain popular and we are seeing rental
prices move back towards pre-pandemic levels.
Large-scale apartment blocks are out of vogue in Glen Eira, with
developers now focusing on townhouses, and smaller boutique
blocks targeting the higher end of the market.
This year’s edition of The Report investigates the five biggest
influences shaping the current property market and details the
key infrastructure improvements that will add to liveability in Glen
Eira. Demographer Simon Kuestenmacher unpacks the movement
of Victorians post-pandemic and what this means for our cities
moving forward, and Jellis Craig CEO Nick Dowling makes his
predictions about what is next for the property market.
We hope you enjoy our 2022 edition of The Report and we look
forward to guiding you through the sale or purchase of your