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Melbourne property market update [Video] | December 2017

The Melbourne housing market has lost some of its heat recently however it has not resulted in declines.

The Melbourne housing market has lost some of its heat recently, however it has not resulted in declines.

Values increased half a percent in November as they did in October and August.

Over the past three months values have increased by 1.9 percent and values are up 10.1 percent over the past 12 months.

melbourne

The annual rate of growth has slowed from its most recent peak of 13.1% in July 2017.

Houses have recorded the stronger rate of growth in units over the last three months and the past year.

While Sydney has slowed.

Melbourne’s relative resilience can be attributed to strong overseas and interstate migration flows, a strong economy, relatively more affordable housing, fewer investors over recent years and volumes of stock for sale which remain similar to those recorded over recent years.

Melbourne Annual Change In Dwelling Values

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About

Cameron Kusher is Corelogic RP Data’s senior research analyst. Cameron has a thorough understanding of the fundamentals such as demographics, trends & economics. Visit www.corelogic.com.au


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