MELBOURNE PROPERTY MARKET PRICES
Over the past couple of years Melbourne home values have risen at the second fastest pace of all capital cities.
Auction clearance rates have consistently been high and discounting and time on market levels have fallen across the city over the year showing strong market depth from a range of home buyers and investors.
As at the end of the first half of 2015 CoreLogic reported:
Melbourne median house price: $615,000; up 11.2% on the previous 12 months.
Melbourne median unit price: $480,000; up 2.4% on the previous 12 months.