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Whiting & Co Pty Ltd

13-15 Grey St St Kilda

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Dannie Corr’s Market Commentary – March Quarter 2014

15 May 2014 St Kilda 0 Comment

Overall Melbourne median home prices have grown again in the March quarter with growth of 3.7%, a healthy statistic but more moderate compared to the exceptional 5.3% in the December quarter. (REIV research).

Recent data quoted in The Age last week showed two of the strongest growth suburbs in Melbourne are St Kilda and Elwood.

Furthermore, the two suburbs were tipped for even stronger growth over the next year or so. ‘Given the amenities and the exciting lifestyle options of the areas I am not in the least surprised’.

“We are experiencing strong demand where the buyers are keen to commit. This is not a boom market but a healthy robust market. The buyer’s perception in the market place is that to delay a purchase will most likely lead to a higher price being paid even if only delayed a few months.”

“I expect demand to remain steady and solid over the coming winter season. We look forward to continued great results on behalf of our clients particularly as the usual lowering of supply of property during this period often leads to increased prices. Over the years our clients have done extremely well over winter by offering property when there is far less competition from other sellers’.”

Finally, I would like to welcome two additional experienced young gun agents to our sales team. Andrew Duffy and Amie Lea joined us early 2014 and are already making their mark on the local property scene.

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