Empower Blog Winter Season

What is Happening in the Melbourne Property Market this Winter?

I recall my reporting mid to late last year - around September/October, our difficult Melbourne market felt as though it had started to turn a corner for the better. I was too cautious to call it until November, when the race to finishing line for the year's auctions became quite apparent that it wasn't the only driver nudging buyer demand up in th...

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‘Tis the Season to be Jolly!

Typically over winter, prospective sellers brace themselves for a spring sale and hold their property back from the market until spring starts up. For a buyer, this can feel as though the property supply in winter is very slow and available houses to inspect are limited. All of a sudden, September and October hit and there are multiple suitable pro...

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Property Supply Adding to Cooling Melbourne Market

Supply and demand are the primary forces in an ’open’ marketplace that determine the value of a good/service. This is fundamental economics. The property market is no different. Earlier this year we saw property values move higher on increased demand. Demand that has since softened as interest rate increases have pushed out some buyers due t...

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