What would trigger a Melbourne recovery?
Significant economic and real estate sentiment changes need to unfold before Melbourne sees strong property price growth.
Events are back, sporting continues, and plenty of visitors are enjoying all that Melbourne has to offer, including St Kilda Beach (pictured). (Image source: Shutterstock.com)
Melbourne has faced some tough headwinds since the pandemic.
The tough lockdowns saw strong internal migration, both from our capital city to other states, and from our city to our local regions.
The Census chart below shows the interstate internal migration during the five year period from 2016-2021. Victoria’s net loss was close to 4,000 people.
The vast majority of Melburnians who chose to move to regional Victoria during the pandemic selec…
