Is Sydney versus Melbourne still a one-sided property race?
Melbourne property prices have failed to keep pace with Sydney and other capital cities since Covid but the Victorian capital may be poised to strike back as a property investment prospect.
When Sydney and Melbourne sports teams collide it's usually an even playing field but is that the case with their respective property markets? (Image source: Shutterstock.com)
It may take around 40 years to pay off a home on the average salary in both cities, but that isn’t enough to stifle a Sydney-Melbourne rivalry that transcends sport and culture to include their respective property markets.
In a rivalry that purportedly dates back to the to 1871 when the very first intervarsity competitions in Australia were a boat race and cricket match between their two great universities, Melbourne won both inaugural events.
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