Melbourne’s magic million median house price proving tricky for many
Melbourne’s median house price has reached the magic million dollar mark, but for those trying to enter the market, it’s a disappearing act for their ownership aspirations.
Many homeowners in Melbourne would be cheering the city's median price passing $1 million, but it's a different story for those looking to enter the market. Photo: Shutterstock (Image source: Shutterstock.com)
Melbourne’s median house price has reached the magic million dollar mark, but for those trying to enter the market, it’s a disappearing act for their ownership aspirations.
Jarrod Neil is university educated, in his early 30s and has a medical imaging job that pays better than the average salary.
But the prospect of buying a property anywhere near his central Melbourne job appears distant at best.
“I can’t even get my head around the idea tha…
