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Melbourne Property Market set to see activity increase.

After a subdued start to 2016, activity is expected to increase in Melbourne’s property market in the coming months according to the Real Estate Institute of Victoria (REIV).

With prices remaining relatively stable in the city during the March quarter and the city finally getting a solid stretch of time between public holidays, the REIV believe both buyers and sellers will increase their activity in the near future.

“The moderate market will allow many more owner occupiers, including some families, strong opportunities to get a foothold on the property ladder,” REIV chief executive officer Enzo Raimondo said.

“Traditionally March is one of the strongest months for property sales with high auction volumes and listings. This year has been slower, mainly due to the consecutive Labour Day public holiday, followed by Easter and the school holidays – pushing many auctions and private sales into late April and May,” Raimondo said.  After a subdued start to 2016, activity is expected to increase in Melbourne’s property market in the coming months according to the Real Estate Institute of Victoria (REIV).

With prices remaining relatively stable in the city during the March quarter and the city finally getting a solid stretch of time between public holidays, the REIV believe both buyers and sellers will increase their activity in the near future.

“The moderate market will allow many more owner occupiers, including some families, strong opportunities to get a foothold on the property ladder,” REIV chief executive officer Enzo Raimondo said.

“Traditionally March is one of the strongest months for property sales with high auction volumes and listings. This year has been slower, mainly due to the consecutive Labour Day public holiday, followed by Easter and the school holidays – pushing many auctions and private sales into late April and May,” Raimondo said.