The current Melbourne & Victorian property market

My upcoming posts will feature yearly price changes across each Australian capital city. Today I will feature on Melbourne given we are about to stop for the cup. Melbourne’s median house price is $546,353 with an auction clearance rate of 73%, average days on the market at 93, and an average discount of 6.1%. Middle Park and Elwood feature in the top 10 growth area’s nationally. Middle Park also ranks No 1 in the top 100 suburbs in Victoria followed by Elwood, Malvern East, Armadale, South Yarra, Carlton, Ormond, Box Hill, Frankston and Carnegie. Good luck in the cup today!