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1.Market Observations, 8.Was Sticky

31 July 2017 (AFR) – Affordability worsens as Melbourne lot prices surge towards $300,000

(31 July 2017, AFR, p31, by Larry Schlesinger)

‘Housing affordability is deteriorating rapidly in Melbourne’s outer suburbs with the price of a new housing lot up 17 per cent in the first six months of the year. The median price of a standard housing lot hit a new record high of $283,000 in June compared with $241,000 in January, according to research by project marketers Red23.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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