Melbourne’s Residential Land Market – Overseas and Interstate Migration Continue to Fuel Demand

Interesting article from The Age. Things still seem to be pointing in the right direction for Melbourne’s property market, with net overseas migration and interstate migration continuing to add to our strong population growth and demand for housing. For the growth area land market, the south east of Melbourne is taking the lions share, with the north and west a more distant second, but that may have something to do with available stock.

With more re-zoning occuring and infrastructure delivery planned for other areas like Melbourne’s north-west, things might spread out a bit more evenly in the next 12 to 18 months.