Oxford Economics predicts the median Melbourne house price will grow 21 per cent over the next three years, outpacing Sydney’s forecast 18 per cent expected growth.
We’ve all witnessed the extraordinary growth in house prices over the past four years – Sydney house prices are up 24 per cent, Brisbane by 39 per cent, Adelaide by 40 and Perth by 37.
The one exception is Melbourne.
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Sam Tamblyn is founder and managing director of Urban Property Australia.
