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. In Port Phillip, exceptional properties set in the highly sought-after areas around Albert Park and Middle Park saw strong growth, with families and downsizers making up much of the buyer pool.