Columns
Residents' Association Image

Residents' Association

Secret council business
Read more >>

Business in Southbank Image

Business in Southbank

October in-room auction success
Read more >>

St Johns Southgate Image

St Johns Southgate

Vulnerability, conversation and meaning
Read more >>

Owners Corporation Law Image

Owners Corporation Law

Hats off to you, Premier, but remember, we’ll all be watching …
Read more >>

Metro Tunnel

Next phase underway at Anzac Station
Read more >>

Federal Politics Image

Federal Politics

Why Magnitsky Act is important for Australia
Read more >>

We Live Here Image

We Live Here

Proposed changes to the Owners’ Corporation Act
Read more >>

Southbanker Image

Southbanker

Watching work come to life
Read more >>

Port Places

Fishermans Bend: the first quarter 2019
Read more >>

Housing Image

Housing

We are leaving an intergenerational time bomb for our children
Read more >>

History Image

History

Computers come to Southbank
Read more >>

Safety and Security

Safety and Security Day
Read more >>

Southbank Sustainability Group Image

Southbank Sustainability Group

Waste and creative ways to reduce it
Read more >>

Health and Wellbeing Image

Health and Wellbeing

Toxic relationships continued …
Read more >>

Skypad Living Image

Skypad Living

Neighbourhood Watch for vertical villages
Read more >>

Pets Corner Image

Pets Corner

Keeping cool on the riverside
Read more >>

Southbank Fashion Image

Southbank Fashion

Spring racing in Southbank
Read more >>

Street Smarts Image

Street Smarts

Power Street – Southbank
Read more >>

Letters Image

Letters

City Rd death trap
Read more >>

Businesses in Southbank

12 May 2017

Businesses in Southbank Image

A paradigm shift in the Southbank property market

Melcorp Real Estate, one of Southbank’s leading agencies, has been servicing inner Melbourne for more than a decade, with a network of offices across Southbank and Melbourne’s CBD.

In that time Melcorp has built a reputation for dealing in quality real estate.

Melcorp Real Estate reports an increasing demand in the Southbank apartment market. In 2017 the Southbank property market has shown an upward shift, with median apartment dwelling prices up by 4.55 per cent over the last year as reported by Corelogic. Prices are now significantly higher than the CBD.  

Southbank’s residential property has grown 12.5 per cent since 2015, boosted by more than 1700 people moving to Melbourne every single week of the year. Now there are simply not enough homes to cater to the number of residents wanting to live in or close to the city.

With 31 sales reported in Southbank in April, the inventory is low and the demand is high. There has been a strong demand from buyers – 48.7 per cent being independent youths, moving to Southbank for all the lifestyle benefits and the enviable location being close to the CBD.

Melcorp Real Estate’s Southbank specialist Aisha Coe (pictured right) said: “Multi-purpose properties are becoming a trend within Southbank, with many purchasers using their properties as weekend homes with the hope that their children in the future will move in for access to universities or work.”

Melcorp has a strong rental presence, having leased over 300 apartments in the last three months in Southbank and the CBD. The Southbank leasing market is strong with a high demand of apartments for lease and low inventory, enabling top rental prices and a median gross yield of 4.9 per cent. Now, the average rental rate in Southbank is higher than the CBD.

Southbank specialists, Aisha Çoe and Sergio Lopez (pictured left) have built an in-depth knowledge of the Southbank property market and have a wealth of experience with over 20 years in real estate between them.

If you are thinking of selling, Sergio and Aisha believe that you need an agent who is up to date with what the market is achieving and what is going on in the area.

“How this is going to impact you as a client, to elevate your property over the competition and make the process as smooth as possible,” Sergio said.

“Any agent can tell you they can sell your property, but can they show you their success? Our knowledge and results speak for themselves.”

With Melcorp Real Estate leading the market in quality Southbank sales and rentals, people who have their fingers on the pulse should call Sergio and Aisha on 9696 8869.

For more information visit www.melcorp.com.au

Stay in touch with Southbank. Subscribe to FREE monthly e-Newspaper.

You must be registered with Southbank Local News to be able to post comments.
To register, please click here.