Melbourne homes now more affordable than 2021 despite population surge
Melbourne's median home value fell 1.6 per cent to $797,354 as Victoria completed more new houses than any other state.
Why it mattersAustralians looking to buy in Melbourne face lower prices than five years ago, but Victoria's rapid building pace may create further pressure on prices.
AustraliaMelbourne buyers now face cheaper entry prices, though the ongoing building surge across outer suburbs may limit price growth. Victoria's fast construction pace is reshaping the property market across the state.
✓ Claims checked against the source and corrected before publish. checked 3 h ago
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