Cautious optimism returning for Melbourne apartments

Investors are cautiously creeping back into Melbourne apartments, under the assumptions that the market has bottomed and prospects for rental and price growth are improving for the medium-term.

Of all Australian capital city apartments markets, Melbourne’s has probably felt the most pain from the pandemic

, with the closure of international borders resulting in widespread vacancies, falling rents and plunging values.

But Urbis director Mark Daws…