Melbourne property boom – REIV

Melbourne has just experienced its fastest property boom since the turn of the century, according to REIV figures. The boom has added a median $104,500 to house prices in just nine months to the end of March this year. To highlight the boom further, consider that in 1992 the typical house price for Melbourne was $150,000 and it is now around $650,000.

Sourced from E-News, Real Estate Institute of Victoria, 17 Jun 2014

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