‘More choice for buyers’: The best spring listings under $1 million

Buyers looking to purchase for less than $1 million this spring will find value for money across Australia's major cities.Spring is usually a bumper season for home buying and selling, but interest rate hikes and general uncertainty are contributing to softer market conditions than this time last year.Yet those who are ready to buy may see value for money if they’re looking to purchase for less than $1 million in some cities.“This year, we've already seen three rate hikes, and we're expecting to see more," said realestate.com.au senior economist Angus Moore. "This is clearly weighing on buyer demand.”“Sydney and Melbourne have been quieter this year than last, with substantially fewer new listings hitting the market compared to last winter,” he added.Despite a slowdown in Australia's major capital city markets, there are attractive listings to be found.VictoriaIn Elwood in Melbourne's inner south there’s a grand, fully renovated two-bedroom, one-bathroom art deco apartment listed for less than $1 million. The curved balcony adds additional outdoor living and entertaining space.This updated two-bedroom art deco apartment features a leafy outlook from its balcony. Picture: realestate...