Part 5/7:
Cray emphasized that Melbourne's home values remain undervalued relative to Sydney and other capital cities. Moreover, Victoria's forecasted population growth out to 2030 is among the strongest in Australia, making Melbourne well-positioned for a sustained resurgence in housing activity.
This demographic trend is likely to attract investor interest and stimulate long-term property appreciation, signaling a promising outlook for buyers and developers alike.
The Impact of Interest Rate Movements
Finally, the segment addressed the upcoming Royal Bank of Australia's interest rate decision, which is poised to influence market momentum. Lower interest rates tend to:
- Make borrowing more affordable for homeowners and investors.