Solid forecast for 2018
Today’s auction results were once again solid across all markets and although we have seen a modest drop in Victorian auction results this year, overall the market has remained fairly consistent. The year has been punctuated by occasional outstanding results and some quite ordinary results, but by and large the good economic conditions, historically low interest rates and general consumer confidence has underpinned a largely positive real estate landscape throughout 2017.
This is our last report for the year, so looking into the crystal ball for 2018, our forecast is for good, stable market conditions ahead, with most people transacting property for the usual reasons – families increasing or decreasing in size, divorce, death, work related moves, as well as continued investing and building of nest eggs for the future.
We wish all of our readers a very Merry Christmas and a safe, healthy and prosperous New Year!