Will Melbourne’s median house price exceed $2m by 2033?
The unrefuted trend in all investment markets is mean reversion. It means that a period of below average returns is always followed by a period of above average returns. It is my thesis that investment-grade property in Melbourne looks attractive compared to other markets and that there are several economic tailwinds that may result in the median house prices doubling over the next decade. The macro environment is positive for propertyIn short, property prices are driven by the law of supply and demand. Demand for property is mainly dictated by interest rate settings, unemployment, and access…
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