Eastern Suburbs Median House Prices – Sept 2017

With the federal election now settled, attention is turning to how the Albanese Government’s second term will influence Australia’s housing market. A series of major housing reforms are already underway, aimed at boosting accessibility and easing affordability pressures. Labor’s expanded 5% deposit scheme is a significant move, removing income caps for first-home buyers and widening the pool of eligible applicants.

As we move into the second quarter of the year, the Melbourne property market appears to be in a holding pattern. The federal election has now been announced, interest rates remain on hold, and recent budget measures, including expanded support for first-home buyers and initiatives to fast-track housing construction are starting to shape market sentiment. Despite a sense of caution