Melbourne Housing Market Update [video] | April 2021

Melbourne housing values recovered from the -11% fall between 2017 and 2019, and the -5.6% drop in values through the worst of the COVID-related downturn, to set a new record high for dwelling values in March.

The median house value is approximately $860,000 while the median unit value reached $593,000.

Local market activity has ramped up over the past six months.

Over the March quarter, the estimated number of home sales is tracking 17% higher than at the same time last year.

This surge in activity is happening across a relatively low supply level, where total listing numbers are only 1.5% higher than a year ago.

Across the sub-regions of Melbourne, the Mornington Peninsula stands out with the fastest rate of growth.

Housing values across the Peninsula were 8.6% higher over the March quarter alone.

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You may also want to read:

National Housing Market Update [Video] 

Perth Housing Market Update [Video]

Adelaide Housing Market Update [Video]

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Tim Lawless

About

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


'Melbourne Housing Market Update [video] | April 2021' have 2 comments

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    September 22, 2020 DAIXIN TONG

    I want know Melbourne housing price

    Reply


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