Melbourne's Property Market: Key Insights from CoreLogic and Cornus

Are you ready to embark on a lucrative investment journey in Melbourne's flourishing property market? Your opportunity awaits at Cornus Developments, where our exclusive range of apartments and townhouses in select Melbourne suburbs promises luxurious living and exceptional investment potential.

Nestled in Melbourne's sought-after suburbs of Oakleigh and Glen Iris, Cornus presents an unparalleled investment prospect. With a strategic location boasting lifestyle amenities, transportation convenience and promising growth prospects, these premier suburbs are the ideal choice for those seeking comfort and financial stability.

Recent market data from CoreLogic reveals a significant shift in the Australian property market, with unit values now outpacing houses in over half of all suburbs. This trend, as highlighted by CoreLogic's research, underscores a fundamental shift in buyer preferences, with a growing number opting for the affordability and value offered by units over traditional houses.

"Units outperformed houses in 633 out of 1168 suburbs nationwide," a staggering statistic that paints a clear picture of the shifting dynamics within the property market. In some apartment markets, prices have surged more than nine times faster than houses in the past three months. This surge in demand for units reflects not only changing buyer preferences but also the allure of potential capital gains within the high-density housing sector.

According to Tim Lawless, CoreLogic's research director, this trend is driven by factors such as worsening affordability for houses, tight supply in the high-density housing sector and increased demand from first-home buyers and investors. Lawless predicts a sustained upturn in the unit market over the near to medium term, highlighting the potential for further growth and investment opportunities in this segment.

At Cornus Developments, we recognise the significance of these market dynamics and are committed to offering premium apartments and townhouses that cater to lifestyle and investment needs. 

As house prices continue to reach record highs, investing in units in select suburbs presents a promising opportunity for both homeowners and investors alike. With Cornus Developments, you can unlock your investment potential and secure your future in Melbourne's thriving property market. Contact us today to explore our range of premium apartments and townhouses in Melbourne's prime suburbs. With Cornus, your investment potential knows no bounds, and your dream lifestyle awaits.

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