Melbourne property prices soar to record high

Tuesday, 3 March 2020

It’s official. After rebounding by 12.7% over eight months, Melbourne’s dwelling values have hit record heights, surpassing their former November 2017 peak:

The below chart shows the month-by-month changes more closely:

Sydney, too, has experienced a strong rebound, with dwelling values up 13.2% over nine months.

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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.