Melbourne Property Development Builder: Market Report 2021
Melbourne Property 2021
Based on the Domain House Report for June quarter, 2021, unit prices all over Melbourne are currently averaging half a million.
The median unit price for Melbourne’s West suburbs, including Footscray and Essendon, is $473,250, a 5.60% increase compared to last June 2020.
Inner Melbourne suburbs, including Fitzroy and Carlton, are now experiencing an impressive median unit price of $581,500. This is a 1.10% increase to last quarter and a 2.00% increase to June 2020.
Compare more median unit prices here.
The Future Of Melbourne Unit Developments
Experts are forecasting the considerable gap between Melbourne units and houses to narrow significantly as the demand for affordable units continues to rise.
According to the Urban Developer, “Westpac is expecting Melbourne dwelling values to rise 10 percent in 2021 and 2022, with the market moving into a sustained boom.”
You can read the rest of the article here.
In a recent domain article, Ray White Brunswick selling agent and auctioneer Alex Ilyin commented on the demand for Melbourne units, saying “I’m finding that demand is outstripping supply at the moment.”
Read the rest of the article here.
When the Australian borders open up, and International migration resumes, we can expect another rise in demand for Melbourne units. So if you are considering investing in a Melbourne unit development, talking to a dual occupancy builder in Melbourne now will set you up for a high return on investment in 2022.
Now Is The Time To Invest In A Melbourne Unit Development.
Are you ready to take advantage of the current fast-moving Melbourne property market?
If you are a local or interstate investor who already owns an existing block of land that can accommodate a Melbourne dual occupancy, Melbourne townhouse, or Melbourne multi-unit development, now is the time to capitalise on the rapid growth of Melbourne’s property market and contact a Melbourne townhouse builder.
If you’re ready to build a Melbourne unit development, but you’re not sure where to start, an experienced Melbourne multi-unit builder like delcon Design and Construct can help.
delcon Design and Construct are experts at achieving a high ROI for investors. As experienced Melbourne townhouse builders, we are dedicated to creating a stress-free experience for investors and designing unique high-quality Melbourne Unit Developments that appeal to both homeowners and/or renters.
With thorough knowledge and understanding of the nuances of council requirements, zoning, and preventing problems from occurring during construction, delcon Design and Construct minimise the overwhelm for new and experienced investors.
Capitalising on a high ROI begins in the designing and planning stage. delcon Design and Construct utilise a comprehensive design process that maximises small spaces and creates high-quality Unit Developments that are functional, energy-efficient, and aesthetically appealing.
We recommend starting any property investment with a feasibility assessment to determine whether your potential Melbourne property development is worth your time and money. delcon Design and Construct’s free feasibility assessments will breakdown your initial costs, planning and preliminary costs, construction costs, and other costs such as subdivision fees and real estate agent fees.
Click here to learn more about Feasibility Assessments.
Contact delcon Design and Construct today on 1800 DELCON (1800 335 266) or get in touch via email.
Melbourne Property 2021