Cat-themed real estate market on fire! Who says it's impossible?

The housing prices in Melbourne have soared by 20% in the past two years! Interest rates are sky-high, so why are property prices still skyrocketing? The answer is simple: demand outweighs interest rates! After the pandemic, Australia experienced a massive influx of population, with 500,000 people needing a place to live, right? With demand soaring, housing prices have shot up like rockets! Speaking of construction costs, inflation has made building houses a luxury. The construction of new areas in Melbourne is slow, while houses in old and established areas naturally double in value 💎. How's the Melbourne housing market in 2024? The secret to getting rich lies in the feng shui treasure land in the southeast! Are prices already high? Don't rush to conclusions! Predictions show that without a rate cut, prices could still rise by 10%-15%; a 1% rate cut? Expect an increase of 15%-20%; 2%? Let's talk about 20%-25%; 3%? Well, that's just going to explode! 🎉 The biggest opportunity is in Melbourne, in 2024, in real estate! A year later, the report card will tell all 👀, let's see who's right! That's settled then! 🎊