Booming Perth races ahead while Sydney and Melbourne prices retreat
A sharply divided housing market is becoming entrenched across Australia, with booming mid-sized capitals delivering rapid gains while the largest cities lose momentum and affordability pressures reshape buyer behaviour.
Melbourne's great property awakening is on hold for at least another month. (Image source: ymgerman/Shutterstock.com)
If three months ago you were deliberating on a property purchase, you’ve saved some money by holding off if that property was in Sydney or Melbourne but lost almost $70,000 if it was a median-priced home in Perth.
The latest monthly property data shows that Perth property prices are rocketing upwards, while the country’s two biggest property markets have slipped backwards.
Nationally, property prices continued their upwards march. After rising …
