Or buy....Melbourne property prices have been suppressed by changes to property tax laws which may (or may not) be repealed with a change of government in 2026. A silver lining to the government's financial woes is that affordability is improving in Melbourne and property listings are up 34% year on year with owner occupiers given the opportunity of securing properties from distressed investors. Rents have risen at a similar rate to the national average which should put a floor under the market.
