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This 4-story Melbourne home has a pool, cinema room, elevator, indoor six-car garage & an abundance of style https://t.co/vqRYcYLMmG pic.twitter.com/e0d4M4x7FB — Mansion Global (@MansionGlobal) June 2, 2017 “Currently, the Melbourne property market as a whole is experiencing tremendous growth fueled by historically low interest rates, increasing demand for a fixed commodity (land) and a lower supply of quality family homes,” Mr. Colbran said. According to Mr. Colbran, a building boom in Melbourne’s central business district has led to a glut of modern apartments in the area, so the desire for traditional homes and apartments, like those found exclusively in Toorak, is higher. Mr. Langley concurs that the current market is “rock solid,” and Toorak is one of the most secure residential areas. “We have seen quantum leaps in property prices over the last five years. Toorak outperforms all other suburbs by at least 5%,” Mr. Langley said. As for his prediction, he said that there are, “no signs of a slowdown in the foreseeable future.” Mr.
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