There is no shortage of idyllic streets, extravagant properties and exclusive postcodes in Victoria’s capital.
Before Coronavirus hit our markets, Melbourne property prices were surging with dwelling values up 12% higher to reach new highs.
Melbourne housing values suffered because of its extended lockdown, which severely impacted market activity over the past three months, with CoreLogic estimates showing a 34% drop in settled sales compared with the same period a year ago.
Although median property prices don’t come close to those over in Sydney’s most elite postcodes, the Melbourne property market rebounded in November and prices have skyrocketed
According to Corelogic, Melbourne property values climbed 0.22% in the first 12 days of November, outperforming Sydney, Brisbane & Adelaide.
So it’s unsurprising that recent data from the Australian Taxation Office (ATO) has revealed there are some postcodes in Victoria’s capital where residents are among some of the wealthiest in the country.… Read more