Adelaide’s median home valueMelbourne’s median dwelling value has fallen below those of Perth and Adelaide, because of the state’s weak property market and a higher-than-usual concentration of units in the Victorian capital, analysis shows.
Melbourne home values fell another 0.2 per cent in August, the CoreLogic Home Value Index released this week showed, and are 1 per cent lower than a year ago. Melbourne’s median house value is higher than the median house value in Perth and Adelaide, and the same is true of units, but Lawless said the make-up of the housing available in each city affected the final median value.Wayne Taylor
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