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Melbourne Housing Market Update [video] | May 2022

Melbourne dwelling values held reasonably firm last month, marking the fifth consecutive month where values have been flat to falling.

Melbourne Housing Market Update | May 2022

The unit market is showing slightly stronger conditions relative to houses, with unit values continuing to rise at the rolling quarterly pace of 0.6% while house values were down half a percent over the past three months.


The stronger performance across the unit sector is quite the turn of events.

The growth rate in unit values was less than half the growth rate of houses over the past 12 months.


With Melbourne property listings now tracking 5.5% above the five-year average, buyers are moving back into a stronger position, resulting in longer vendor selling times and lower auction clearance rates.

You may also want to read:

National Housing Market Update [Video] 

Perth Housing Market Update [Video]

Adelaide Housing Market Update [Video]

Sydney Housing Market Update [Video]

Brisbane Housing Market Update [Video]

About Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit

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I want know Melbourne housing price

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