Spring is here, and the housing market is warming up with national housing values experiencing a 0.9% growth, the largest monthly gain since March 2017.

If we think of the traditional property cycle, there are clear signs that we are moving through the later stages of recovery. Looking at Melbourne specifically we are seeing an even stronger rebound with shorter days on market, higher clearance rates (Currently 77%) and increasing dwelling values which are up 3.2% in August and September (Core Logic).

Looking ahead, Here at Frank Gordon we have experienced a spur of motivated vendors looking to capitalise on these market conditions and get their property on the market ahead of Spring.