Perth, Adelaide property now pricier than Melbourne
In the four decades since the property price series has been running, Adelaide has overtaken Melbourne for the first time, while Perth also raced past the Victorian capital's median dwelling value.
Melbourne is now the third cheapest capital city property market in the country. (Image source: Shutterstock.com)
Melbourne property is parked in the slow lane and has now been overtaken by the Grand Prix-paced property price growth that has been underway for a couple of years in Perth and Adelaide.
With Canberra and Brisbane having earlier sped past Melbourne’s median property price, the Victorian capital is now the third lowest in the country among capital city markets.
It now only sits above fellow contracting markets, Darwin and Hobart.
The release Mo…
