The Melbourne property market has been going gang busters for the last few years.
In fact it’s been the strongest performing property market this cycle.
But what does the future hold for Melbourne property prices?
That’s a question Domain recently asked 5 economists who were generally upbeat believing there is still plenty of life left in the Melbourne house market
Domain Group chief economist Andrew Wilson pointed to a “raft of predictions of doom and gloom for Melbourne this year that have proven nonsensical” but he didn’t anticipate any double digit annual growth figures in the near-future.
Here’s what the 5 economists forecast:
But the panel was less certain about what would happen in the Melbourne apartment market.
- 3 experts expect Melbourne apartment prices to fall.
- 2 experts predictMelbourne apartment prices to keep growing.
- Highest outlook: prices up “5 to 10 per cent”
- Lowest outlook: price falls of 5 per cent
Read more at Domain