Stunning Melbourne turnaround puts end to brief national downturn
A three-month property market downturn has ended in emphatic fashion, with every real estate market in Australia outside Darwin recording price increases in February.
Melbourne property is getting its groove back. (Image source: Shutterstock.com)
Blink and you miss it.
National property prices have reversed a brief downturn, breaking a shallow three month run of sliding home values according to CoreLogic data released Monday (3 March).
Remarkably, the strongest growth (0.4 per cent) was recorded in Melbourne and Hobart, previously two of the weakest capital city markets in the country. For Melbourne, the median dwelling value increase marked the end of ten months of property price decli…
