Melbourne's return to price growth driven by demand in affordable suburbs
Melbourne’s property prices have returned to positive annual price growth, with first home buyers leading the charge as reluctant investors still baulk at tax and other disincentives.
Melbourne's more affordable suburbs have become the city's capital growth leaders in recent months. (Image source: Shutterstock.com)
Melbourne’s property prices have returned to positive annual price growth for the first time since early 2022.
While its recovery has not been a dramatic as Sydney’s, and it lags the capital growth taking place in the smaller capitals such as Perth, Adelaide and Brisbane
, Melbourne’s property market is rebounding.It is often said that Melbourne’s property market belatedly mirrors that of Sydney and there are parallels emerging in the current m…
