Melbourne property may have ebbed, with investment opportunities emerging
Melbourne's property market is thought to have reached its nadir, presenting property investors with a buying opportunity - on the condition they choose the right property type and location.
Melbourne's premium suburbs are seen as being ripe for investment. (Image source: Shutterstock.com)
Melbourne has cemented its position as the nation’s weakest property market while Perth and Adelaide — where median dwelling values recently eclipsed those of the southern capital — continued to grow their historic leads.
A surge in property listings, high property taxes and a moribund economy are continuing to weigh on Melbourne, where prices have fallen for the seventh consecutive month, down 1.1 per cent for the September quarter.
Yet expe…
