Melbourne housing values recorded a 1.7% rise in September, the largest monthly gain in values since 2015.
CoreLogic has released their newest housing market update for October 2019.
This was the fourth month in a row where Melbourne housing values have trended higher, posting a cumulative 3.6% recovery since values found a floor in May earlier this year.
Melbourne housing values remain 7.9% below their 2017 peak, indicating buyers still have some time before values reach new record highs.
Melbourne`s Inner East and Inner South are leading the recovery, with values rising 5.9% and 4.7% over the September quarter.