Mass immigration drives death of Melbourne affordable housing

Monday, 11 December 2017

A few week’s back, CoreLogic released data showing that the bottom 10% of dwellings in Melbourne are valued at an unaffordable $439,519 – well out of reach of most first home buyers:

This followed CoreLogic’s September 2017 Mapping the Market Report, which revealed a shocking decline in affordable family-friendly housing across Melbourne:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.