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.