Melbourne housing values posted their first month-on-month rise since 2017, ticking 0.2% higher in June.
CoreLogic has released their newest housing market update for July 2019.
The June update takes the annual change in Melbourne housing values to 9.2%, down from a recent low of 10%.
The improving trend is most evident across the unit market where values were up half a percent over the month while house values were up a smaller one-tenth of a percent.
Also, it’s the most expensive quarter of the market where the improved performance is most notable.
Melbourne’s top quartile based on dwelling values was up 0.6% over the month compared with a 0.1% rise across the lower quartile and a 0.1% slip in values across the broad middle of the market.
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