Melbourne home values: banks predict Melbourne prices will increase up to 9.4 per cent into next yea
- melbournepropertyh
- Aug 21, 2023
- 1 min read
Australia’s big four banks are tipping modest rises of up to almost 10 per cent in Melbourne home prices across the next 16 months.
The ANZ is most cautious, predicting dwelling values will fall less than less than 0.5 per cent by 2023’s end and grow 1 per cent in 2024.
Westpac is expecting a 3 per cent increase for the reminder of this year and another 4 per cent in 2024. CBA’s figures hint at a 3 per cent rise before December 30, followed by a 6 per cent jump in 2024.
NAB is the most bullish, tipping a 2 per cent growth by the end of this year on the heels of a 7.4 per cent rise next year, equalling a total 9.4 per cent surge.
The news comes as PropTrack figures show Victoria recorded a preliminary 68.3 per cent clearance rate this week from 435 early auction results.
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