On the back of 0.25% property value price growth in April, industry experts are predicting a strong comeback to the Melbourne property market this year.
After lagging behind most other states for the past couple of years, Melbourne property reached a median value of $781,000 in April, recording the second highest monthly price growth in the nation behind Adelaide.
According to realestate.com.au, property experts suggest over 60% of Melbourne suburbs are on the brink of significant growth in the coming year. While broad price growth is expected Melbourne wide, particular suburbs to watch include Sunbury, Werribee, Craigieburn, Deer Park, Hoppers Crossing and Caroline Springs with units and apartments set to boom in Collingwood, Brunswick East, Richmond, Docklands, Hawthorn East, St Kilda and St Kilda East.
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