As pandemic conditions continue to ease around the globe, the welcome return to normality has ushered in a more measured and mature housing market for 2022.
Post-lockdown, a perfect storm of low interest rates, pent-up demand and limited stock caused prices to surge across Melbourne at a rate not seen in decades. As the frenzy settles, price growth has eased to a steadier rhythm, with buyers increasingly drawn to quality accommodation with a focus on liveability. Priorities have changed, and properties with “pandemic appeal” such as more space, great work-from-home facilities and a location close to retail, schools and recreation continue to perform strongly.
Maroondah remains a destination municipality with meaningful price growth in the 2022 financial year. Demand has been very high, with the Melbourne-wide audience looking favourably on Maroondah for its variety in property styles and price points, underpinned by quality infrastructure, schools, shopping and transport links. Subsequently, 2021–22 has been a huge “catch- up” year with some pockets attracting prices on par with, or in some cases exceeding those of, our “inner” rivals.