Melbourne houses have bottomed out in price according to major property analysts, with post-pandemic migration underpinning the recovery.
New PopTrack statistics have laid bare the most expensive suburbs to buy property in the country, with 88 coming in with an automated valuation model (AVM) over $3 million.
Property seekers in Melbourne and indeed other sizzling markets around the country are leaving the market suffering ‘boom fatigue’.
The high-end property markets in Perth, Brisbane and the Gold Coast are outperforming the powerhouses of Melbourne and Sydney.
High property prices and tight lending restrictions have seen an increasing number of young people approach the ‘Bank of Mum and Dad’ for their home loan.
As we enter the new year with different property market conditions around the country, Domain senior news producer Elizabeth Redman spoke to some real estate agents around the country who gave their top picks for 2019.
Well it’s official – our nation’s house prices have suffered their steepest drop since the global financial crisis.