Melbourne Housing Market Remains Fragile
Melbourne has experienced a soft housing market for several years, with values rising only approximately 6% over the last five years. This contrasts with Perth, which saw a 92% increase in the same period. The Melbourne market is described as fragile due to a lack of demand-side factors compared to other regions. In Sydney, the market has shown reasonably strong medium-term growth but faces serviceability challenges and high unaffordability.
Topics
Developing
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Sources · 7 independent
ABC NewsRadio AU
“Melbourne. quite a soft market for some time now. The last five years, we've only seen housing values in Melbourne rise about 6%.”
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