Why Melbourne could beat other cities in the next housing upturn
Nila SweeneyReporter
Melbourne’s housing market could dominate the other capitals when interest rates fall, as improving affordability and rising rental yields attract investors and home buyers back, experts say.
AMP chief economist Shane Oliver said that although all markets would benefit from lower interest rates, Melbourne’s lengthy period of underperformance had primed the city for a stronger rebound.
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Nila Sweeney writes on property from our Sydney newsroom. Email Nila at nila.sweeney@afr.com.au
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