VIC Inner suburbs - post COVID

Discussion in 'Where to Buy' started by Cabricabri, 7th Oct, 2020.

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  1. Cabricabri

    Cabricabri Well-Known Member

    Joined:
    1st Dec, 2018
    Posts:
    62
    Location:
    Melbourne
    Just wondering if you expect demand in inner suburbs to decrease as most workplaces will be more flexible in terms of WFH.

    I imagine more people moving to outer suburbs, still within the metro area.

    What’s your view? You think demand for inner suburbs will decrease significantly?

    Cheers
     
    Cabricabri, 7th Oct, 2020
    #1
  2. woofwoofpawpaw

    woofwoofpawpaw Active Member

    Joined:
    14th May, 2017
    Posts:
    42
    Location:
    vic
    I felt that the price has moved higher than pre-lockdown.
    Stock level is very low
    Pend up demand

    Ppl are still desiring infrastructure, schhol, etc...

    Just my observations
     
    woofwoofpawpaw, 8th Oct, 2020
    #2
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  3. SuperOlaf

    SuperOlaf Well-Known Member

    Joined:
    23rd Jul, 2019
    Posts:
    253
    Location:
    Melbourne
    Agree. Have been looking at the inner northern suburbs for an IP - stock level is starting to improve but prices have not come down at all relative to pre-lockdown.
     
    SuperOlaf, 8th Oct, 2020
    #3
  4. woofwoofpawpaw

    woofwoofpawpaw Active Member

    Joined:
    14th May, 2017
    Posts:
    42
    Location:
    vic
    I kept asking- what will keep the price at its current level or push it to raise further.

    When we look at the historical data, there was a massive growth, then small decline in 2018-9. Then it started to rise again in late 2019 and start of 2020.

    Not sure if I am right
    Reasons for growth in 2010s
    - low interest rate
    - ease in lending
    - immigration

    Reasons for small decline in 2018
    - tightening in lending

    What different market conditions are we facing today?

    I think we are having
    - low interest rate
    - ease in lending
    - immigration (the gates would be open once covid is over)

    Will we be having another round of growth?
     
    woofwoofpawpaw, 8th Oct, 2020
    #4
  5. SydneytoMelbourne

    SydneytoMelbourne Well-Known Member

    Joined:
    10th Jan, 2020
    Posts:
    53
    Location:
    Sydney
    I was looking very closely at Brunswick, Thornbury, Northcote (not sure if these classify as inner to you) but they've certainly dropped. I was looking a couple suburbs back pre-covid, but these are now very much in play.
     
    SydneytoMelbourne, 9th Oct, 2020
    #5
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