Melbourne residential property growth doubles Australian average: Australian Bureau of Statistics

  • MELBOURNE property’s price growth doubled the national average in the year to June, a new report shows — and experts say there’s more to come.

Figures released today by the Australian Bureau of Statistics show Melbourne’s average residential price increased 8.2 per cent during the 12 month period — the most of any capital city.

READ MORE VIA HERALD SUN

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The Melbourne property market had the largest price growth in the year to June, according to the ABS.

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