The West powers ahead as Sydney and Melbourne stall in two-speed housing market
Advertised stock shortages are driving sharp price growth across Perth, Brisbane and Adelaide, while rising listings and softer demand are keeping Australia’s two largest markets subdued.
Melbourne median dwelling values now sit above only Darwin and Hobart among national capital cities. (Image source: Elias Bitar/API Magazine)
The Perth property market is in an unmitigated boom phase, while Sydney and Melbourne are flatlining.
In the west, there’s simply bare cupboards for those looking to buy a home or, as is increasingly the case, an investment property.
It’s a similar but slightly less dramatic picture in Brisbane and Adelaide.
The three mid-sized capitals are continuing a run of monthly price gains that has seen Brisbane’s median dwelling value approach $1.1 mil…
