Apartments, inner Melbourne set for big 2024 turnaround
Melbourne's property market has been the laggard among capital cities but the planets appear to be aligning for a major recovery in 2024, with the apartment and inner city markets leading the way.
Despite statistics showing Melbourne’s property market underperformance, some pockets are delivering stellar capital growth and rental yields. (Image source: Shutterstock.com)
For a city that attracts 30 per cent of the country’s international migrants, Melbourne’s real estate market performance has been fairly aneamic since the onset of Covid.
That situation may be about to change, with the inner suburban and CBD areas experiencing soaring rents that are set to be the precursor to a turnaround in 2024.
Melbourne’s property market has been the weakest performer against the other capital cities
, with PropTrack data re…
