Home Page Home Page
Agents - Join here Add Property

Melbourne real estate boom over

Melbourne real estate boom over

Melbourne real estae prices are beginning to fall giving rise to expert's predictions of a property bubble implosion.

The last couple of years of fast rising property prices have created a seller's market in Melbourne and new buyers coming to market have struggled to gain a foothold in the property stakes. Last year average property prices peaked at just over $600,000 but latest information shows the median price has fallen to $565,000 in the last few months.

Residential real estate experts suggest the current situation is due to the quick succession of interest rate increases and that prices had risen far too high too quickly with the result of excluding many would be homeowners from joining the market.

Just how long prices will continue to fall is in question but several leading economists have been expecting a period of price re-adjustment for some time now.

© Copyright
Published: 09-May-11

Send My Property Requirements to Suitable Agents Worldwide

Keep Me Posted
Property Alerts

Property Search


Follow our news feeds on
Follow us on twitter

RSS feed of propertyworld's news updates 

RSS feed of our news

Related News Stories
News By Category
Home  |  About Us  |  Property News  |  Useful Links  |  Data Feeds  |  Property Listings  |  Site Map  |  Help  |  Privacy  |  Terms & Conditions
Copyright © 2005 - 2014 PropertyWorld.com Designed and developed by MSO.net