25 October, 2021 / Category: Blog
Lauren Staley, Infolio’s Managing Director contributed her thoughts on the Melbourne property market to the Herald Sun last week. We’ve pulled out some of the highlights here , or you can read the full article here.
Written by Christina Karras, The Herald Sun.
Melbourne buyers should expect to face a supercharged property market for the remainder of 2021 as experts predict an “explosion” of activity after lockdown.
The red-hot conditions are unlikely to ease, with the city set for an unusually busy summer that could continue right through to Christmas and into the new year.
It comes as the delayed spring market finally heats up with auctions returning to the streets for the first time in months this weekend, giving both buyers and sellers a much-needed confidence boost to transact.
Infolio managing director Lauren Staley said the easing of restrictions would help free house hunters who had “been stuck in a holding pattern” of waiting to buy before they put their house on the market.
“There’s already been a lot of pent-up demand but we think the market is likely to explode with activity,” Ms Staley said.
“Buyers will be more comfortable inspecting (property) with the higher vaccination rates. “They’ll also be able to travel further distances, including from interstate and remote areas soon, so people who had trepidation buying sight unseen will be back in the market.”
“Waiting (for prices to drop) is a waste of time,” Ms Staley added. “You just can’t time this market.”