Melbourne suburbs

The Melbourne suburbs where you should buy property NOW as market is set for roaring comeback

PHOTO: Toorak, which is just 5km south-east of the CBD

Melbourne’s property market is set to make a comeback as the city slowly recovers from the fallout of the coronavirus pandemic.

Experts are predicting a ‘feeding frenzy’ will hit the housing market as key real estate restrictions have finally been eased after the state went into lockdown on July 8.

Melburnians are now allowed to inspect properties – as long as they last 15 minutes.

The property market came to a grinding halt when the city was plunged into strict lockdown but auction numbers have more than doubled in the since June.

Melbourne's (pictured) property market is set to make a comeback after the city is slowly recovering from the fallout of the coronavirus pandemic

Melbourne’s (pictured) property market is set to make a comeback after the city is slowly recovering from the fallout of the coronavirus pandemic

The suburb in Melbourne that had seen the most growth in Bentleigh East (pictured) in the city's south-west, where house prices have soared 17.7 per cent

The suburb in Melbourne that had seen the most growth in Bentleigh East (pictured) in the city’s south-west, where house prices have soared 17.7 per cent

Real Estate Institute of Victoria president Leah Calnan said auctions were in single figures during the peak of the pandemic.

SUBURBS TO KEEP AN EYE ON:

  1. Bentleigh East
  2. Toorak
  3. Carnegie
  4. Melbourne
  5. Northcote

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