News

Fantastic news for home buyers

There has been some negative press surrounding Melbourne’s property market in recent times and the supposed imminent property bubble, however there are a number of things being done in the finance industry to help you as a home buyer. 

In great news, the banks have dropped their home loan rates by an average of 0.3% for home buyers, potentially saving you thousands of dollars over the term of your mortgage. 

Not only that, but APRA has enforced changes through the Banks for investor lending. These changes require banks to hold more capital for investment loans, in a bid to help reduce the potential for a bubble in the market. 

This is excellent news for home buyers, as this should give you more confidence when looking to purchase in the near future that your home will appreciate in value.

Investors, all is not lost. A recent report from Domain Group senior economist Dr Andrew Wilson indicated that Melbourne’s property market performed the best out of the capital cities in the last quarter, with dwelling values up 8%. Researchers are predicting that this trend will continue into 2016 helping to drive strong capital gains and rental returns.

Melcorp have seen good growth in the towers where we manage the majority of listings including Zen, Verve, Milano and Abode318 in the CBD and Prima Tower in Southbank. Owners have yielded gains that exceed the market average while investors are seeing excellent rental returns.

Are you looking to take advantage of Melbourne’s high performing property market? Download our sales guide here for all available inner-Melbourne properties.

Alternatively, fill in your details below and a member of our sales team will be in touch with you within 24-hours with available properties that suite your requirements.

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