PIPA’s latest national market update reported renewed activity from informed purchasers and investors who had decided against waiting on the sidelines. Chair Nicola McDougall said prices appeared to be steadying on the back of thin listing volumes and a likely peak in inflation. Melbourne buyers’ agent Cate Bakos described a two-speed local market, with competition concentrated on renovated homes and annual rental growth near 10 per cent.
Reported by
Alexandra Eildon, Marysville Standard Newspaper, 3 May 2023
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