Dec
01
Melbourne Apartment Risks Mount as Prices Drop by Most Since ’14
By-
Values in Australia’s second-biggest city fell 3.2% last month
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RBA has warned about possible supply glut in Melbourne
Apartment prices in Melbourne fell at the fastest pace in more than two years in November, reinforcing concerns about a looming oversupply of units in Australia’s second-largest city.
The 3.2 percent month-on-month drop is the largest such decline since May 2014, according to figures from data provider CoreLogic Inc. This dragged down the overall increase in dwelling values across the nation’s state capitals to 0.2 percent, the smallest rise since March this year…
Melbourne Apartment Risks Mount as Prices Drop by Most Since ’14
