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New Year Fireworks As Melbourne Property Heads To Record Highs

According to CoreLogic's Home Value Index, the Melbourne market rose by 2.3 per cent in October, the biggest month-on-month gain since the period following the global financial crisis a decade ago.

New Year Fireworks As Melbourne Property Heads To Record Highs
(Image source: Shutterstock.com)

Melbourne has recorded its highest monthly property price increase in ten years.

According to CoreLogic’s Home Value Index, the Melbourne market rose by 2.3 per cent in October, the biggest month-on-month gain since the period following the global financial crisis a decade ago.

Over the past three months, Melbourne has been the standout performer across all capital cities, with prices leaping 5.5% in the last quarter alone.

Prices are no…

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