President of the Real Estate Institute of Victoria (REIV), Leah Calnan, shares Melbourne’s top growth suburbs for 2020. While Melbourne continues to recover from COVID-19, Leah anticipates the only impact to buyers will be the median house price slightly dropping by 3-5% over the colder months.
“I don’t think there’s going to be any bargains out there, the Victorian property market is very strong and will bounce back in the next few months.”
Leah puts some of it down to real estate agents quickly adapting to the pandemic and turning to digital solutions to allow home opens and auctions to continue.
Based on the median house price data from January to March 2020, Leah reveals the top performers continue to be in Inner Melbourne – explaining it all comes down to lifestyle and affordability.
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