Melbourne property market: the comeback kid or come back later?
Melbourne real estate has seemingly been on the cusp of a recovery for the best part of a decade, so is the current uptick in median values the sign of a genuine recovery or another false dawn?
Melbourne property prices are largely unchanged over the year but have shown signs of life in the past few months. (Image source: Shutterstock.com)
Melbourne’s multi-year slide to become the nation’s cheapest major capital has spurred countless headlines predicting an impending property market recovery.
Experts say that long-term mirage is now slowly starting to materialise: interest rate cuts have put a floor under the market — applying a tourniquet to falling prices — and investors are starting to stir.
Just don’t expect a major boom any time soon.
“We’re seeing a clear uptick in buyer …
