After months of rising interest rates, increased construction costs, and shifting employee mindsets, the Pace Commercial team has noticed significant shifts in the way Melbourne does business. We asked our Commercial Manager Sam Fogarty to share some of the current and projected trends surrounding Melbourne’s commercial property market.

From lockdowns and lifted auction rates to fluctuations in market certainty, Melbourne has experienced some of the most dramatic changes in the property landscape over the last four years. Rather than revelling in the punctuated pessimism of news bulletins and rate rises, we turn to the locals, the Melbourne market specialists like Ashley Bramich, for informed insights.

Employing decades of experience within the property industry, our Sales & Marketing Director Ashley Bramich provides insight into issues directly impacting the market at present. Additionally, Pace’s Construction Director Zafer Tillem offers his perspective on the unique conditions experienced within the building sector.

Coburg has developed an identity that’s full of character and unpretentious appeal. Here’s a look back at this unique neighbourhood’s storied past and a glimpse into its promising future.

Flanked by the Maribyrnong River and a tributary of the mighty Yarra, Flemington is known for far more than being the home of that racecourse. Just a stone’s throw away from the CBD, this is a suburb on the rise due to an influx of newcomers who are embracing the neighbourhood’s city-side locality and multi-faceted character.

With more than three decades of industry experience, Ashley has his finger firmly on the pulse of Australian property market trends. This is particularly true in Melbourne - the place he has always called home.

Ashley has worked in the industry for almost 30 years. He’s Melbourne born and bred but has a firm grasp of the global economy.

Sunshine is a rich chapter in the story of Melbourne. Just 12 kilometres from the city centre, it’s home to a diverse and rapidly growing community – thanks in no small part to its legacy of well-connected transport infrastructure.

Much has been reported on the turbulence of Melbourne’s property market in 2020, but with strong stimulus activity amidst a low interest rate environment heading into the new year, there are promising signs of a strong rebound in 2021.