Melbourne’s median house and unit price has hit a new high in the June quarter.
House prices have grown 3.5 per cent over the June quarter to hit a new record median of $668,030.
Older Australians are more worried than first-home buyers about housing affordability according to research from legal firm Slater and Gordon.
The housing cycle in Australia has peaked, according to Morgan Stanley analysts.
Stricter regulations on lending, slowing immigration and inflated property prices are set to take their toll on the property sector say the wealth management company.
While investment in the Melbourne and Sydney property markets cools, economic advisers have started looking out west to Perth as one of the country’s best buyer markets.
A global peer-to-peer (P2P) lender says the practice will one day move into residential mortgages in Australia.
Melbourne’s explosion of inner-city apartments has led to an over-supply that may lead to Melbourne’s property prices growing at a slower rate than other capital cities over the next few years.
Autumn’s star performer in the Melbourne property market has been without a doubt the outer eastern suburbs.
