Joining our Managing Director, Andrew Hogan, both Andrew Leoncelli, Managing Director of Residential at CBRE and Chris Moyle, Head of Property at Westpac offer their insights on the changing market conditions.
CBRE shared their experiences in the post June 30 Market and said that their sales had never been stronger. They were expecting that sales in the July, August and September 2017 months would be slower and they did not have any major launches occuring.
Westpac gave their views on the market and are continuing to lend for quality developers in quality locations. They are also taking much more care in due diligence and in their investment decisions.
Point Polaris stated that the supply and demand pendulum is in equilibrium in Melbourne, and where the supply does equal demand, you can expect reasonable healthy conditions to prevail, especially toward the end of 2017.