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Latest Melbourne Property Market and Trends

Real estate is booming in Melbourne and while many parts of Australia have experienced a decrease in housing price growth, the latest data shows that this region has been performing quite well in the property market. Melbourne has a total gross return of 12.7% which is bigger by 8.9% from 2013 and second only to Sydney in terms of median dwelling price (at $550,000).

Research has also shown that there is a population record rise in Melbourne’s city dwellers. CBD residents went up 5,400 as of last check, which means it’s achieved a growth rate of 23%. The population has also doubled in the last 10 years.

The country’s housing market has really been focused on Sydney and Melbourne. This has been boosted by the low mortgage rates and as previously mentioned, the significant increase in population in these key areas.

That said, new homeowners should make sure to assess properties well before making a decision. It’s imperative that they decide on a budget, first and foremost, and then take into consideration the features that they want in a home, such as the size of the property, the neighbourhood and proximity to schools and shops.

For those who are moving to a new home soon, it’s imperative that they also choose the right removalists. There are many removalists in Melbourne, which cover Glen Waverley, Rowville, and other suburbs in the region.

However, not all of them can be trusted. Choose from among professional removalists Melbourne with a solid reputation for providing quality and efficient services. Remember that they can either make your relocation hassle-free or full of problems. You want to make the move as easy as possible for you and your loved ones, and one of the best ways to do that is by hiring a professional removalist.

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