Melbourne property market faces a long road to recovery
Melbourne dwelling prices have fallen 3.4 per cent in three months, with experts warning the downturn could persist until 2028.
A rapid turnaround in the Melbourne property market appears unlikely. (Image source: Wirestock Creators/Shutterstock.com)
The Melbourne residential property market isn’t expected to turn around until 2028, say experts, but there are opportunities as well as potential pitfalls.
The national property downturn and negative gearing and capital tax changes and associated uncertainty are all weighing heavily on the southern capital.
“I don’t have any residential investors at the moment,” Robert Di Vita, Senior Property Consultant with National Property Buyers, told API …
