Do you want to know a key reason why property values in Melbourne and Sydney are unlikely to drop?
How about the fact Victoria has had its largest rate of population growth since 1960. Wow! And NSW is not far behind.
This is largely driven by immigration. These numbers will certainly help underpin demand for property and increase the likelihood of a floor being maintained underneath values.
This is despite APRA’s regulatory efforts to restrict the flow of finance, which is having an impact on demand.
All the best with your Property Planning!