Melbourne is still showing 8.42% YOY growth on RP Data. Cooling off from the 12% run but still high with inflation under 2.5%
That is unsustainable in this environment imo...and only driven by low interest rates.
I say this with the fact that Melbourne experienced a very big boom in 2010, so this second +10% 18 month run means Melbourne has already moved the most since GFC.?
