Buyer demand for Melbourne property rising, investor appeal strengthening
All the signs are pointing to an imminent revival of the Melbourne property market.
The City of Melbourne has the highest level of unit sales in the country. (Image source: Gary Yim/Shutterstock.com)
Investors fed up with being over regulated and overtaxed spent much of 2023 and 2024 exiting the Melbourne market.
Property prices dropped during the exodus while elsewhere, particularly in the smaller capital cities, prices soared.
Suddenly the Melbourne market was cheaper than Brisbane and Sydney, and on a similar level to Adelaide and Perth. The median dwelling value in Melbourne is now $803,194, up 1.4 per cent over the year and 1.0 per cen…
