Melbourne’s property market is out-pacing Sydney’s. New data from Core Logic indicates it’s a trend that could well continue With lower average property prices in Melbourne’s property market, and therefore better affordability – along with Sydney house prices at record highs – more people are looking to Melbourne’s property market to secure property. In June, Melbourne’s median dwelling price rose 2.71 per cent, whereas Sydney’s increase was 2.21 per cent In the past year to 30 June, Melbourne price growth also out-performed Sydney’s. Melbourne’s median dwelling price rose 13.7 percent (to $913,060), whereas Sydney’s median dwelling price rose just 12.2 …

Melbourne’s Property Market is out-pacing Sydney’s. Why? Read More »