Business
Melbourne median property price hits record high – The Australian Financial Review
Melbourne’s median property price has hit $736,478, a new high, joining Sydney, Brisbane, Canberra, Adelaide and Hobart in record territory.
Melbourne now joins Sydney, Brisbane, Canberra, Adelaide and Hobart in record price territory.
Following a decline of – 6.1 per cent through COVID-19, value have since grown by 6.7 per cent and are now sitting 0.2 per cent above their recent high record on April 6, 2020, Mr Lawless said.
He added that Melbournes dwelling values have increased 13.8 per cent since bottoming out in mid-2019.
The median price across houses and units in Melbourne is now $736,478.
Property prices have been growing across…
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