Newsletters 2022
Victoria will take centre stage in 2026
In exciting news this month, it has been announced that Victoria will host the 2026 Commonwealth Games, in just four years’ time. The event will be a new model, with events held across multiple regions. The opening ceremony will be held at the Melbourne Cricket Ground, but four regional hubs will be established in Geelong, Bendigo, Ballarat and Gippsland, each with their own athletes' village and sport program. Shepparton is also expected to hold sporting and cultural events. Apart from providing a significant boost to the economy and jobs, the Commonwealth Games will also lead to improved community infrastructure in Victoria and world-class facilities that will be attractions after the Games is over.
A-grade properties are where it’s at
IT’S no surprise that the heat has come out of the property market – it had to sooner or later.
But while conditions are not quite as strong as what we saw last year, with some uncertainties around elections, interest rates and even global issues, there is still strong demand and buyer competition for A-grade properties, which is the only type of property we buy for our clients.
Melbourne will be Australia’s biggest city
Melbourne is set to overtake Sydney as Australia’s biggest city by 2030 at just over 5.9 million people, with the Centre for Population Growth expecting Victoria’s capital to be the fastest growing in Australia from 2023-24 as overseas migration returns.
Regional Victoria was the big winner of 2021
PROPERTY data from the big year we experienced in 2021 is flowing in, with regional Victoria found to have reached record highs.
Here’s to 2022!
We’re excited to welcome in a new year, and we hope this one will be better for all, especially Melbournians!