Hi,
I'm curious to know why do most people feel that Melbourne has reached its peak? It seems like the general consensus is that Melbourne's at the 12 o'clock mark on the property clock. Is it cause it's experienced a recent growth?
From the statistics I've gathered at a macro level, Melbourne's population growth and job growth is expected to be on par if not better than Sydney in the years to come. When I compare house prices (not interested in apartments for now) between Sydney and Melbourne, the Melbourne houses seem to be priced much more affordably.
This price gap feels like Melbourne has some ways to catch up to Sydney prices which equates to untapped growth potential?
I'm curious to know why do most people feel that Melbourne has reached its peak? It seems like the general consensus is that Melbourne's at the 12 o'clock mark on the property clock. Is it cause it's experienced a recent growth?
From the statistics I've gathered at a macro level, Melbourne's population growth and job growth is expected to be on par if not better than Sydney in the years to come. When I compare house prices (not interested in apartments for now) between Sydney and Melbourne, the Melbourne houses seem to be priced much more affordably.
This price gap feels like Melbourne has some ways to catch up to Sydney prices which equates to untapped growth potential?