Melbourne Property Prices Continue to Climb

Updated: Oct 2, 2019

In a dramatic turnaround, Melbourne Property prices is continuing its climb to recovery.

In September alone, Corelogic has reported that prices has risen an impressive 1.9% compared to previous month.

Echoing our observations a couple of weeks ago, Corelogic also reported that the fear of missing out (FOMO) is back. It is normal to see property sold at auctions for up to $200k above reserve.

It is anyone's guess if this upward trend will continue. As the trade war between US and China and the global economic slowdown is starting to impact local businesses.