Melbourne’s real estate is on growing spree , specially the eastern suburbs and central Melbourne taking the lead and its almost impossible for a average buyer to get in to this market . And also the low interest rates are helping this to large extent also increase in Asian population which is also causing the increase in prices as they have good buying power .
A median house in eastern suburbs has gone pass more than half a million then you can imagine where the Melbourne real estate market is heading! And same case in the central CBD where the apartment prices are on rise considerably in the last two years
Experts say even in the northern suburbs the same trend will continue and will see rise in the property markets , so the only area that is close to buyers is the western area which consists of lot of …