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Property Development In This Market? Absolutely.

The Melbourne housing market is undoubtedly in the worst shape it's been in for over 5 years. Ironically, now is the best time to tackle a residential property development in this capital city.

Property Development In This Market? Absolutely.

The Melbourne housing market is undoubtedly in the worst shape it’s been in for over 5 years. Prices are down in many areas and flat in most others; Auction Clearance Rates are low everywhere; Investor demand has decreased dramatically; and, the banks are tightening up lending practices for everyone.

Ironically, now is the best time to tackle a residential property development in Melbourne.

Why? For the reasons listed above. Let&rsqu…