Enigmatic inner city Melbourne unit market defies national trends
The Melbourne unit market seemingly operates independently of national trends but rents are rising rapidly and investors are cautiously eyeing the potential of what was an oversupplied apartment market.
The oversupplied Melbourne unit market is seemingly the immovable rock in the turbulent seas of the Australian property market.
When prices soared around the country, the inner city and surrounding unit market in Melbourne remained stubbornly unmoved.
As the waves now start to crash over national property prices, this market appears likely to weather the storm as well as anywhere.
Driven by rising rental yieldsand a shift in pricing trends to…