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Is Melbourne losing its shine?

Press coverage 24 July 2024 Summary of published coverage
Is Melbourne losing its shine?

Melbourne’s property values rose just 1.8 per cent over the year while Perth, Brisbane and Adelaide recorded double digit gains, and Brisbane’s median dwelling value overtook Melbourne’s for the first time in 14 years. Analysts attributed the weakness to Victoria’s expanded land tax and tighter rental rules, which had left growth in investor lending far behind New South Wales and Queensland.

Reported by

Emma Duffy, Your Investment Property Magazine, 24 July 2024

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