Welcome to Million Dollar Club! Melbournian!
Based on the data from CoreLogic released on Thursday, Melbourne median value is now at record of $929,769 after increasing 11.4 percent over the first half of the year, which means a further 7.5% percent rise would take the median house value in Melbourne beyond One Million by Christmas this year!
Possible tightening lending policy may be introduced by APRA in the coming months to cool down the current heated real estate market.