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Melbourne home values reach record high: report – Domain News
Values fell just 6.1 per cent during last year’s crisis, a shallower downturn than expected, and have since recovered their losses and surged into uncharted territory….
Melbourne home values have reached a record high, in a sharp turnaround from the depths of the pandemic-induced recession last year.
Property values surpassed their April 2020 peak by 0.2 per cent, on CoreLogic data published on Monday, reaching a median of $736,478 across both houses and apartments.
Values fell just 6.1 per cent in last years crisis, a shallower downturn than economists expected as they eyed drops of between 10 per cent to 20 per cent as the economy went into hibernation.
Since…
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