Melbourne Property Market Undervalued Archives

Melbourne homes are now 41% cheaper than those in Sydney, a $600,000 difference, marking the largest price gap in 20 years.

by Konrad Bobilak | Sep 23, 2024 | property

Dear Fellow Property Investor, Sydney has long been Australia’s most expensive city for homebuyers, but the price difference between Sydney and Melbourne has reached unprecedented levels. PropTrack’s Eleonor Creagh said that as of August, Sydney’s median house price...

Melbourne homes are now 41% cheaper than those in Sydney, a $600,000 difference, marking the largest price gap in 20 years.

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