Melbourne house prices rise every month to begin 2025: PropTrack Home Price Index

Multiple months of increasing housing values ​​are expelling the Melbourne real estate market of Doldrums.

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Melbourne is just behind Adelaida, since the best capital of the country for the growth of the price of housing, since a fourth consecutive month of growing values ​​pushes its sick real estate market in recovery mode.

The last Proptrack housing price index shows that the typical $ 900,000 house in the city has increased almost $ 9000 (1 percent) so far this year, while the average price unit of $ 588,000 earned almost $ 12000 (2.1 percent).

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While it is not enough to overcome losses in the Victorian capital during the past year, with the values ​​of the house from $ 917,000 a year ago and the units are $ 594,000, Senior economist Anne Flaherty said it was “an extremely strong for Melbe It.”

“For a long time we have the leg trying to find out when Melbourne will begin his return and the fact that we have seen that the values ​​of the houses increase any month this year, it is a very good sign that we are beginning to see that recovery,” Flaherty said.

Growth could also have avoided that Perth exceeds the medium price of the capital of the Victorian capital, an amalgam of the values ​​of the unit and housing, with the data of the real estate research group that show that the growing growing of the city of Western Australia is only $ 2000 in the short.

Sydney, Brisbane, Canberra and Adelaide are currently ahead of Melbourne based on average housing values, which makes the Victorian capital one of the most affordable cities throughout the country, he thought that a greater proportion of UNES is not.

2/67 Dover Street, Flemington has just reached the market with a price guide of $ 900,000- $ 990,000. The typical housing price of Melbourne is now $ 900k, according to the latest Protrack Housing Price Index.

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While the economist said that the city should register annual growth before the end of the year in current trends, the market is not expected to reach its maximum point in 2022 until next year.

Currently, the houses are currently 4.2 percent less than their peak in Melbourne, an improvement since December when they were 5.1 percent discount on the rhythm, while the units are only 3.6 percent of reaching record levels, a significant improvement from the end of 2024.

“The units are definitely seeing the best recovery,” Flaherty said.

The economist said that this was probably due to his relative affordability, and with many of those who are sold today by attracting lower prices as possible with contemporary construction costs, it was likely to gain value.

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Barry Plant’s head, Mark Lynch, said his company, one of the largest real estate agencies in Victoria, was “without a doubt seeing signs of market recovery.”

Lynch said there was a particularly high demand for houses below $ 1m, with noble Park and Keysborough among the most heated in that support.

While an increase in the demand for buyer defenders who bought in the name of Sydney headquarters had one leg, the agent said that one of the largest groups led by housing sales were first -home buyers.

241 Heatherhill Road, Frankston has just offered $ 900,000, the typical price for a Melbourne house at this time.

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“That first -home buyers market looks very strong at this time,” said Lynch.

“They are at the point where they say, it is not going down and now it is time to dig and have a very good look.”

With his own daughter among them, he added that the units seemed to be particularly popular since those who have bone saving commit to what they can pay.