Melbourne values stable despite COVID dip
With recent data showing Melbourne’s residential market has been hit hardest among Australian capitals by the novel coronavirus pandemic, longer term measures indicate the city’s house prices are actually reasonably stable.
While short-term data is bleak, a long-term look reveals stability in Melbourne house prices. Photo: Shutterstock (Image source: Shutterstock.com)
With recent data showing Melbourne’s residential market has been hit hardest among Australian capitals by the novel coronavirus pandemic
, longer term measures indicate the city’s house prices are actually reasonably stable.Depending on the timeframe chosen, Melbourne’s median house price is up 8 per cent, down 4 per cent, and flat, and all three figures are true at the same time.
Measuring median prices by rolling 12-month periods is the most …
