Property Prices

Melbourne’s property market is becoming a two-speed affair between houses and units.

The nation as a whole recorded a 0.1 per cent drop in the CoreLogic home price index thanks to a 0.9 per cent drop in Melbourne and a 0.3 per cent drop in Sydney.

Melbourne’s house prices were the hardest hit of  all capital cities in the country for the month of August, falling by 1.4 per cent.

It was a strong finish to 2019 regarding the property market, does 2020 hold more of the same?

Domain Group has released data showing the Melbourne suburbs with the most properties for sale in March, giving buyers an insight into the areas that have the most choice on offer.

Proximity to good quality schools and educational facilities is an ever-increasing factor in the value of homes and their potential for capital gain.

House prices have risen 32.1 per cent over the last five years and have seen a number of million dollar-plus sales this year.

Properties in Melbourne’s regional areas are becoming more than just holiday homes, with areas like the Mornington Peninsula outperforming the metropolitan area.

Sydney’s property has surged again after its recent slump, reflecting a national property price growth driven by the RBA’s rate cut in May.

The price of property in most Australian capital cities has fallen over November, including Melbourne.