Melbourne's housing slump may finally be working in its favour
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Melbourne has become the surprise frontrunner in the national auction market, signalling renewed buyer confidence with its strongest clearance rate in months.
Melbourne has become the surprise frontrunner in the national auction market, signalling renewed buyer confidence with its strongest clearance rate in months.
Well, yes. Welcome to Frankston North, where the median house price is $675,000 – a 13.4 per cent climb in the past year, and a 45.2 per cent rise in the five years since December 2020.
While you might already be looking forward to spending settlement day in your next home there are important steps to consider before that happens.
Victoria’s property market is defying this month’s interest-rate rise with buyer numbers rising in the following weeks, compared to the same time a year ago.
Aussies are packing up and moving in droves to the southern reaches of the country, with new research revealing pockets of regional Tasmania and Victoria are emerging as new migration hotspots.
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