Melbourne's Affordable Home Segment Sees Price Increases

Analysis by the Real Estate Institute of Victoria (REIV) shows that Melbourne's lower quartile property market, representing the most affordable homes, has been the best performing segment over the past year, with many suburbs seeing value growth.

This trend means entry-level properties in Melbourne's western growth corridor might remain competitive despite broader market slowdowns. First-home buyers should act decisively, as affordability in this segment is tightening.