Once Australia’s second priciest city, Melbourne has become more affordable. What happened – and will it last?

The GuardianFriday, October 24, 2025 at 2:00:46 PM
Once Australia’s second priciest city, Melbourne has become more affordable. What happened – and will it last?
Melbourne, once Australia's second most expensive city, is now becoming more affordable due to an increase in housing supply and a decrease in property investor activity. This shift is significant as it allows more residents to enter the housing market, potentially revitalizing the local economy and community. As affordability improves, it raises questions about the sustainability of this trend and its long-term impact on the city's real estate landscape.
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