After the cooler conditions in recent months, Melbourne’s apartment market warmed up a notch in the second quarter of 2018, running contrary to the national trend.
Urbis’ latest Apartment Essentials report analysed detailed sales results from 45 developments comprising 9,500 apartments. The 309 sales achieved represented 14% of available stock sold, edging up from 12% in the previous quarter.
Mark Dawson, Director Property Economics and Research, said “It’s good to see sales activity having stabilised following the slowdown from a year earlier.”
“The results from this quarter’s survey indicate around 14% of available stock having sold during the period. By the end of the quarter, our surveys indicate 80% of stock sold within projects actively selling apartments.”