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Newcastle Herald
Newcastle Herald
National

Down but not out - is now a good time to buy in Melbourne?

Is the Melbourne property market set for a rebound? That's the question investors are asking after a year in which the southern city was clearly Australia's worst-performing mainland capital market, with median total dwelling values falling by -1.0 per cent in the 12 months to August 31.

77 Hamilton Street, Yarraville, VIC 3013

Over the same period all other mainland capital city markets rose, some dramatically, pushing Melbourne further down the property pecking order - making it relatively more affordable, potentially opening buying opportunities in well-located suburbs.

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