Melbourne Housing Market Update [video] | October 2021

By:

Melbourne housing market conditions have been consistently softer than the capital city average, with housing values rising 0.8% in September to be 15.0% higher over the year, which is the lowest annual growth rate across the capital cities, but still the highest growth rate across Melbourne since 2010.

The unit market has been a drag on the headline growth rates, with unit values up 8.3% over the year compared with an 18% lift in house values.

Across the sub-regions of Melbourne. the Mornington Peninsula stands out with the highest annual rate of gain at 31%, followed by Melbourne’s Outer East where values are up 17.6%.

Mlb01

The softest sub-regions have been in Melbourne West and the Inner City where housing values are up 9.4% and 10.4% respectively.

As the spring listing season gathers pace, new listings being added to the Melbourne market are now tracking 18.3% above the five-year average and total listings are now 2.9% above average.

Mlb02

Higher stock levels could take some further heat out of the market over the coming months.

You may also want to read:

National Housing Market Update [Video] 

Perth Housing Market Update [Video]

Adelaide Housing Market Update [Video]

icon-podcast-large

Subscribe & don’t miss a single episode of Michael Yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to Michael Yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.

icon-email-large

Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.


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] | October 2021' have 2 comments

    Avatar for Tim Lawless

    September 22, 2020 DAIXIN TONG

    I want know Melbourne housing price

    Reply


Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*


Copyright © Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts