Offering opportunities and optimism, local industry expert and Pace's Sales and Marketing Director explains how Melbourne has bravely weathered property market headwinds over the last 12 months.

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.

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.