Melbourne’s property market stabilises as outer suburbs drive growth

For the first time since the June 2021 quarter, houses and units across inner, middle, and outer Melbourne all recorded growth according to the Real Estate Institute of Victoria’s quarterly median data for September 2023 Statewide, the data shows growing signs of stability as outer suburbs drive Victorian price growth, up 1.3 percent (for houses) and 1.8 per cent (for units) compared to last...