Melbourne house hunters would be well placed to buy property in the next six to 12 weeks, while market conditions still favour the buyers.
According to JPP Buyer Advocates director Ian James, there are several major factors driving the Melbourne property market both now and for the next six months.
“In short, it will be a “buyers’ market” for the next six to 12 weeks before reverting back to a “sellers’ market” and a sharp increase in property prices from approximately March onwards,” Mr James said.
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