Melbourne housing affordability 2025: First-home buyers’ given ominous 14-month deadline
- Oct 19, 2023
- 1 min read
Melbourne first-home buyers could be priced out of all but three of the city’s most affordable suburbs for houses in as little as two years.
Consultancy firm KPMG property price forecasts show Melbourne’s median house price could surpass $1m by June 2025 to hit $1,024,495.
Applied to suburban PropTrack data, the forecast price hike will leave just Melton, Melton South and Coolaroo with median house prices below the state government’s current $600,000 cap for waiving stamp duty costs — Victoria’s most expansive program to help young home buyers.
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