As most pundits are probably aware, Melbourne’s house prices are predicted to slow again next year, with the median house price growth expected to be around half of what it was this year.
Unlike the other cities around the country, Melbourne house prices fell 1.3 per cent for the month of November, with apartment prices falling even further, dropping by 3.2 per cent.
Melbourne and Sydney’s median house prices both pushed up to new highs for the September quarter amid ongoing low interest rates and solid local economies.
Melbourne property prices jumped 1.5 per cent in the June quarter to set a new median house price record.
House price growth will halve in Melbourne for the rest of the year according to a leading economist.
Capital growth in property is most often what matters when it comes to investment so buyers want to get in just before a suburb surges in value to reap the benefits.
A new report has listed Heidelberg Heights, Sunshine West and Fawkner as Melbourne’s best affordable housing investment suburbs right now. The Property Affordability 2016 Hotspot
Melbourne’s houses went up in value by 11.3 per cent in 2015, the best annual growth since 2009. As has been predicted for some time,
The Australian resdiential property market continues to boom with Melbourne dominating house price performances.
Predicting a property crash in Australia seems to have become a type of sport amongst economists worldwide. It’s almost as if members of this profession are wishing a property crash on us. But how accurate are their predictions and should property investors in Australia be worried by this up-surge in gloomy analyses for our property market?
