According to PropTrack’s property data firms report said house values in Melbourne may be overtaken by Adelaide and Perth as soon as this month.
Melbourne homes are now worth 4.4% less than they were at their peak in 2022,
Here’s a look at whether the Victorian capital is on a different trajectory to other cities
According to data from CoreLogic Melbourne (and regional Victoria) is beginning to trail other mainland capitals.
Melbourne drop in median value in July, with prices dropping about $100 a day to $781,949.
Melbourne’s rose 0.3%, or the least since December 2021, CoreLogic said.
