The highlights of the QBE Housing Outlook 2017-2020 for Melbourne:
- Housing market to outperform unit market, with house prices expected to rise by 10% to $940,000.
- However, unit prices expected to decline 5% to $535,000.
- Rise in unit completions in the past five years has been greater than house completions.
For more details download the full report at https://www.qbe.com.au/campaigns/housing-outlook