Business
How is the Melbourne property market tracking as stage four lockdown nears its end? – Domain News
Prices have been falling since April but experts say the real test of the market is yet to come. What can sellers and buyers expect this spring?
Melbournes house prices have been falling since April but experts warn the real test of the market is yet to come.
Home values in the city have dropped 4.6 per cent since the beginning of the COVID-19-induced downturn, including a 1.2 per cent fall in August when physical inspections of properties were banned for stage four lockdown, the latest CoreLogic home value index released on Tuesday shows.
Many potential buyers and sellers are choosing to wait and see what happens this spring, traditio…
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