How Melbourne’s Property Market Holds Up in Lockdown? 
                     How Melbourne’s 
Property Market Holds 
Up in Lockdown?
 Out of 56 nations and regions worldwide, Australia’s Property Market is positioned in the top 
20. Regardless of any effect that the Covid-19 pandemic cause, house value records the 
development of 6.1 percent over the last year to June this year.  
 Prior to this year in the March quarter, the real estate market in Sydney and Melbourne saw a 
boost in the rankings to be set 10th in the World.   
 However, after the value dropped by 2 percent among April and June due to Covid
 related market closures. Australia descended the positions to arrive on the 19th spot before 
the finish of the June quarter. 
Situation of Property Market 
During Lockdown
 Multimillion-dollar properties have kept 
selling in Melbourne during the lockdown, 
with sellers trading their greatest resource 
through market cycles.   
 The Australian property market is working 
far better than many other countries. This is 
because of the reason that the second 
lockdown was not as long as in other 
countries.  
 With the steady decline in the market 
supply, values are held high. The buyers are 
taking an interest in potential properties and 
are seeking for quality options in the 
market. 
Is this really a buyer’s 
market? 
Before the lockdown, there was a surge in between 
vendors and buyers to complete the deals. But then, 
individuals were kept back with limitations of travel.   
 The demand from buyers has been seen 
consistently throughout the situations of Covid-19.
 Interest from up sizers has grown. Those who need a 
family home with good home office enhancements 
and ex-pats who have chosen to re-visit Melbourne. 
 But the transactions were lesser due to the lower 
confidence of vendors. They were waiting to see 
what would happen next.  
 However, after that difficult time, when we first 
emerged from lockdown, costs held up quite well.  
What are the expectations 
from property market post 
crisis? 
 Because of a lag in people for their homes to get 
ready for sale, the sales of this year are expected 
to extend till December. Buyers are enquiring 
about properties since the lockdown started. 
They are waiting for more appropriate properties 
to come up in the market. Thus, it could be seen 
that the number of home inspections would 
increase post lockdown, and there would be a 
rush in buying and selling properties.  
 As per some of the researchers, the expectation 
from the Australian real estate market is to go 
through a higher projection in price growth by the 
second quarter of 2021. 
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