Melbourne renters suffer as prices surged nearly 20%, but could a cash rate cut help investors put supply back into the market?

Rentals in Melbourne rose 18.3% to $550 per week across 2023.

Melbourne rental market sees vacancies ease, but remains worse than last year

Dropping vacancy rates in suburbs further from the CBD indicate affordability limits are literally being pushed further out.

Melbourne and Sydney property price growth slowed down as 2023 came to an end

National home prices remained relatively stable in December, however, this was largely driven by growth in regional areas.

Melbourne on pace to dethrone Perth as the strongest property performer in 2024

Perth’s property market momentum slows while Sydney, Melbourne and Brisbane’s rises, according to the Hotspotting Price Predictor Index.

Melbourne property market predictions 2024 – House price & rental forecast

Experts spoke to The Property Tribune, laying out their thoughts for what’s in store for Melbourne’s housing and rental market in 2024.

Melbourne’s rental market is ‘fundamentally broken’

According to the latest Rental Affordability Index, an average Melbourne rental property costs 24% of a household’s $108,955 income.

Australia’s real estate market to see a sustained upswing through next year

Report author Julian Coppini says land prices continue to increase in some markets – boosted, in part, by large and growing housing shortages.

RBA’s cash rate hike casts shadow on home building in Sydney and Melbourne

Leading indicators signal significant slowdown in home building activity, with approvals and lending hitting decade lows in 2023.

Australian property market supply deficit could be eased by granny flats

The addition of granny flat units to dwellings across Australia’s three largest capital cities could potentially ease the housing shortage.

Demand for premium offices keeping the Melbourne leasing market positive

Net absorption for the city fringe was 42,000 sqm, while metro office was 4,000 sqm.

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