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Melbourne Sees the End of Biggest Property Downturn since 1980s

Melbourne 3D Rendering and Architectural Visualisation Services, Premium Quality with Affordable Price
  • Domain’s Q2 2019 House Price Report suggests that the market in Melbourne appears to have bottomed out, which matches and is now following the trend line 2 in our prediction made in April 2019
  • Melbourne’s median house price rose by 0.3% to $818,237, 10% below the peak reached in late 2017.
  • Melbourne’s median unit price increased by 2% to %501,009, 2% below the peak in 2018.
  • Ballarat and Bendigo recorded 11% and 5% increase over last 12 months, Geelong slowed down with 1% increase over the year.
  • In last downturn, Melbourne’s most expensive areas have seen the biggest house price falls, inner-east 16% down and inner-south 13% fall.
  • Signs show that prices in those most expensive areas are rebounding fastest. As Melbourne’s most expensive areas usually leads the trend, indicating the Melbourne price downturn appears over.

  • Other Capital Cities in Domain’s Q2 2019 House Price Report:
    • Sydney – Price fell further but at a slowing rate
      • Houses down 0.4% to $1,032,338
      • Units down 0.4% to $688,652
    • Brisbane – Price fell further
      • Houses down 1.4% to $559,167
      • Units down 3.1% to $368,382
    • Adelaide – Prices fell for only the second time since 2014 in Q2
      • Houses down 0.1% to $540,473
      • Units down 0.2% to $310,642
    • Perth – Prices continue their downward slide
      • Houses down 2.0% to $528,186
      • Units down 1.6% to $342,930
    • Hobart – Price boom looks to be ending
      • Houses up 0.7% to $474,423
      • Units down 6.4% to $356,751
    • Canberra – House prices jumped in Q2 but basically unchanged over the year
      • Houses up 1.5% to $741,947
      • Units down 1.4% to $448,737
    • Darwin – Prices continue to fall
      • Houses down 2.3% to $502,521
      • Units down 4.8% to $298,438

IL Visual provides premium quality and affordable Architectural Visualisation solutions for our clients. Starting from couple hundreds of dollars, client can get vivid 3D Images for Exterior Rendering, Interior Rendering and Panorama 360 .

This 3D Render image provides a thorough artist impression view of the whole development from the side. It shows all four units with per-defined exterior color and material scheme and surrounded by elaborately selected landscapes

Click here to send us your plans for Free Quotation to turn your designs from numbers and lines into vivid images and get better rewards from your project.

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