Melbourne property has missed its tram but another may be around the corner
Melbourne's property market has been languishing compared to other major cities over the past couple of years but its relative affordability and strong economy may indicate a turnaround is imminent.
Melbourne property has proven a slow investment vehicle of the past few years but most fundamentals are actually on track. (Image source: Shutterstock.com)
As property prices on the bigger mainland Australian cities notch up record prices Melbourne’s property market continues to lag, but why?
The city has strong immigration, is constantly rated highly on global liveability rankings
and sales figures are up on last year.Despite some key metrics remaining positive, Melbourne’s property market continues to falter.
The median dwelling value in Melbourne increased just 1.6 per cent over the past year…
