Buyers are placing increased value on their time and want to be in a position to move straight into a property without further work
required. Inflation in the construction industry has also pushed
renovators and those looking to build homes to focus on well-
renovated premium properties. We see this trend continuing as
labour prices and material costs increase further, and this will help
cushion the local property market.
We expect interest rate increases to impact lending, which will have a flow-on effect of stimulating demand for more affordable
townhouses and apartments. The entry-level home market has been
further bolstered by the 1 July lifting of the threshold for the housing
guarantee scheme to $800,000 in metropolitan Melbourne.
Rising demand and extremely low vacancy rates continue to
benefit the rental market, with the reopening of our international
borders providing further stimulus. With rents rising again there
is much positive sentiment in the market and we expect this will
encourage investment activity across our region.
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 Moonee Valley, Kensington and surrounds. 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