ECONOMY8 Apr 2026
“Melbourne dwelling prices will decline between 1% and 4% in 2026.”
— SQM Research · Property Update
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YEAH RIGHT 35%IT'S ON 65%
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CONTEXT
Melbourne has been Australias weakest major market. SQM predicts further declines despite rate cuts. KPMG disagrees, forecasting 6.8% growth. Victorias land tax changes have spooked investors.