Melbourne is one of the major, growing cities of Australia and is probably the best to live in. For the last year or so, we've seen properties in Melbourne on the market that are sold like hot cakes especially in Bayside and south-eastern suburbs along the coast. Whether it's blocks of residential land, units, apartments or houses, 90% are for auctions. We've seen a number of interest rate rises, but so far they have not dampen the market.
Australian Financial Review:
House prices up 20pc in year to March
The stand out city was Melbourne where the house prices rose by 6.7 per cent in the March quarter and 27.7 per cent in the year.
What is your opinion? Do you think the property market in Melbourne will keep marching upward, dip slightly or will it come to a plateau?
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