Surprise
surprise, property prices haven risen again. According to the latest reports, Melbourne median property prices have risen 8.5%.
Great news for existing homeowners but not so if you are in the market to buy one! The naysayers keep on
predicting a CRASH in prices every year but it has not looked close to happening
yet.
So if you are in the market, go out and buy your property asap. You
can't predict the future but based on almost 20 years worth of history,
there is a higher chance that prices will continue to rise than it crashing.
If you are waiting out for a price plunge before buying a home, my advice is don't hold your breath !
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