Melbourne locks down but property still rises
Melbourne’s lockdown might be claiming headlines while footage of empty CBD malls dominates television news reports, but low interest rates and falling unemployment continue to quietly power the Victorian property market.
The usually bustling and busy Bourke Street is looking decidedly quiet during lockdown. Photo: FiledIMAGE/Shutterstock (Image source: Shutterstock.com)
Melbourne’s lockdown might be claiming headlines while footage of empty CBD malls dominates television news reports, but low interest rates and falling unemployment continue to quietly power the Victorian property market.
The median house price in metropolitan Melbourne inched up further to $1,010,000, and by an impressive $49,000 to $559,500 in regional Victoria, according to data released this week by the Real Estate Institute of Victoria.
…
