Once Australia’s second priciest city, Melbourne has become more affordable. What happened – and will it last?
The Guardian – World —
More homes and less property investor activity has seen Victoria’s capital rise up the affordability rankingsGet our breaking news email, free app or daily news podcastIn 2021, Melbourne’s median house price surpassed $1m, after a decade of rising by an average of more than $70,000 a year.It was Australia’s second most expensive housing market, after Sydney. The next year, prices began to fall. Continue reading...