Melbourne records 13.2% house price growth in 2017: REIV
Strong demand for premium real estate, and a reinvigorated first-home-buyer market drove Melbourne house prices 13.2 per cent higher in 2017, the fastest rate of growth since 2010.
If there is a change of Government, it is possible investors will become virtually non-existent until a clear policy framework and timeline for changes to negative gearing and capital gains tax is confirmed.