A dramatic decline in investor lending last month shows further signs of a cooling housing market.
Investor-owned homes across Melbourne are sitting empty, as knew figures from a Prosper Australia study show there’s more idle houses and apartments than first thought.
As the year comes to a close all eyes are on the city’s auction market as it engages in its end of year rush, and it’s the north-east suburbs catching plenty of attention.
The price of property in most Australian capital cities has fallen over November, including Melbourne.
With a record number of properties up for auction on the weekend it was a real test of the strength of the Melbourne property market – and it came through okay.