Melbourne
Home buyer activity and prices growth have moved from the higher-value inner and middle-ring suburbs to the outer suburbs.
New dwelling construction – particularly apartments – continue to rise, but in particular inner-city pockets and the CBD, rather than across the city.
Median house prices are forecast to fall by 1 per cent by June 2019 – after a minimal 2 per cent rise in 2016-17 and a three per cent fall in the following two years.
Emerging oversupply means the median unit price is expected to fall by 8 per cent in the three years.
