Stay updated with breaking news from Outer melbourne. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Metro Melbourne surpasses $1m mark for the first time By Bianca Dabu 16 April 2021 | 1 minute read SHARE While it has lagged behind other capital cities in post-pandemic recovery, Melbourne has now cemented its resilience, recording price hikes across the state in the first quarter of 2021. The Real Estate Institute of Victoria has flagged “one of the largest quarterly increases” in the state over the March 2021 quarter. According to REIV data, house prices in Metropolitan Melbourne have soared 8.8 per cent to a median of $1,004,500 – the highest quarterly increase in 12 years and the first time that the area has surpassed the $1 million mark. ....