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Investors now driving the Melbourne market

Melbourne’s price growth in 2021 has largely been driven by owner-occupiers, but as we round into the second half of the year, investors are poised to take over.

Melbourne CBD with Yarra River in foreground
Investors have been well outnumbered by owner-occupiers in Melbourne this year, but that's set to change. Photo: Shutterstock

Melbourne’s price growth in 2021 has largely been driven by owner-occupiers, but as we round into the second half of the year, investors are poised to take over.

This time last year we contacted some long standing clients – key metrics we track pointed to the market bottoming out, meaning that it was a great time to buy.

But, we certainly didn’t predict the remarkable price rises we’ve seen since. Nobody did.

In just the last 9 months, the med…