CommSec (PDF) provides commentary on economic performance by state and territory. Further detail is in the NAB State Economic Overview (PDF).

Melbourne house price growth over the past year (dates and methodologies differ between research houses) are shown below:

Price growth charts over a longer time period are shown by CoreLogic Housing Chartpack (PDF)

FDI Intelligence – a unit of The Financial Times, which is considered by Global Capital Markets Survey (link) to be the world’s most important business read, and by the Worldwide Professional Investment Community audience (link) as the most credible publication in reporting financial and economic issues – issues a report on the top Global Cities of the Future: the Top 25 overall; and the Top 10 by various criteria. The most recent fDI Global Cities of the Future report (PDF) has Melbourne ranked 1st for Human Capital & Lifestyle.

Supply & Demand

Forecasts from respected economic forecaster BIS Oxford Economics (PDF) for the three years to 2021 are that:

  • Net Overseas Migration is expected to move from about +66k pa (10 year average) to +68k pa
  • Net Interstate Migration is expected to move from about +9k pa (10 year average) to +8k pa
  • Therefore, total Net Migration is expected to move from about +75k pa to +76k pa
  • Taking into account natural population growth, Underlying Demand for dwellings is expected to be about +61k pa
  • Dwelling Commencements for 2017/18 are running at about +75k pa
  • Dwelling Stock Deficiency/Surplus (as a % annual underlying demand) is expected to move from a deficiency of around 19% to a deficiency of around 15%

SQM Property Listings (PDF)

For property price projections:

In the long term, the ABS project Melbourne’s population to exceed that of Sydney, which indicates that Melbourne will continue to be a sound long term investment, particularly in areas where land supply is limited around inner Melbourne.

Oliver Hume Quarterly Review (PDF)

For information on Melbourne regions and suburbs, please refer to location research in the dropdown box “Search content by category”. Click here (image) for a map of Melbourne council regions.
Click here (link) for a list of Melbourne suburbs.

National & International economic indicators related to property

Review national and international economic indicators (link)

Review detailed property data & charts (link)