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The REIV, RPdata, PriceFinder and around eight other statistics groups never seem to form alignment on the actual activity in the marketplace. One key stat that is highlighted is the Rental Growth in Melbourne which has been staggering in the last quarter of 2018. The average rental for Houses moved from $420 pw and increased to $440 pw which is a 4.7% increase within a single quarter. This has to classified as staggering in anyone's language and appears to be overshadowed by other media focus.
The old saying of what is a property worth? “What someone is prepared to pay for it” may not exactly hold true in the current marketplace. What it’s worth may not be what a purchaser can borrower at present. Let’s examine this in more detail today.