High Property Prices are beginning to affect Demand

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Melbourne property Market was showing a lot of strength early in the 2010. It was clear that this was not going to be just another year. Rates were at all-time low levels and would-be buyers were back in the market in force, swamping open-for-inspections and snapping up all the properties coming up on to the market.

Back then, media reported that home buyers and investors were queuing up just to get in to see the homes for sale, with many properties being seen by dozens of people during the inspections.

Such levels of activity were indicative that record-setting market conditions were on the horizon, followed by sky-high clearance rates and soaring property prices. People were keen to put their homes up for sale after a period of uncertainty during 2009, creating the flood of stock we’ve seen in the past couple of months.

Click here for the rest of the article (Source: Real Estate Review Website)

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