Theresa Worrell: Melbourne Housing Market Update [video]

Melbourne`s recovery trend stepped up a notch in August with dwelling values up 1.4% over the month.

CoreLogic has released their newest housing market update for September 2019.

After falling by 11.1% between November 2017 and 2019, the local market has since recovered by 1.8%.

The recovery trend is more noticeable at the expensive end of Melbourne’s housing market, with values across the top quartile increasing by 2.7% over the past three months compared with a 1.4% rise across the lower quartile.

The local unit market is still showing a stronger trend relative to houses, with values up 2.4% over the past three months compared with a 1.6% lift in house values.