Melbourne Homes for Sale Jump 28% to 4 Times Australian Rate
This article is for subscribers only.
Homes for sale in Melbourne surged 28 percent in June from a year ago, more than four times the increase across the country’s eight state capitals, even as prices slid 6.6 percent from a year earlier.
Dwellings offered for sale in Melbourne, the capital of Victoria state, climbed to 55,293, Sydney-based SQM Research Pty. said in an e-mailed statement. Properties listed for sale in the nation’s capital cities climbed 6.4 percent in June from a year earlier, the statement showed.