Median Values Down in Melbourne, According to New Research

The full impact of interest rate rises, and a volatile sharemarket is expected to be felt most in March. These figures will be released later next month.

According to Residex, Melbourne’s median house value fell more than 2 per cent to $469,000 for February.
The research house says house prices in some suburbs fell 30 per cent, and anticipates "blue ribbon" suburbs such as those in the leafy east and south-east to suffer most this year.

At the same time, the number of mortgage defaults in Victoria has hit its highest point since 2001.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of