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Slowing capital city value growth offers buyers property opportunities

By Jamil Allouche

The latest CoreLogic RP Data Hedonic Home Value Index found a general slowing of value growth across Australia's capital city property markets, which could be great news for buyers interested in purchasing property in Brunswick in the near future

More specifically, Melbourne actually saw a decline in value – dropping by 2.6 per cent over the month. The median price for real estate in the Victorian capital city is now resting at $568,500, which could be well within reach of buyers looking to move into the market. 

CoreLogic RP Data research analyst Cameron Kusher said the general slow-down of value growth across capital cities wasn't necessarily a bad sign. Instead, it highlighted the moderating of property growth following the explosive rises seen earlier this year. 

"Although Sydney and Melbourne appear to have moved through their peaks, capital growth these two cities have consistently been the main driver of value growth over the past 12 months," said Mr Kusher in a 1 December statement. 

Coupled with the low interest rate environment, now could be the perfect time to consider buying your own property in Brunswick. Get in touch with a local real estate agent today to begin looking into your local Melbourne options. 

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