Melbourne residential property growth doubles Australian average: Australian Bureau of Statistics

• MELBOURNE property’s price growth doubled the national average in the year to June, a new report shows — and experts say there’s more to come.

Figures released today by the Australian Bureau of Statistics show Melbourne’s average residential price increased 8.2 per cent during the 12 month period — the most of any capital city.

READ MORE VIA HERALD SUN

The Melbourne property market had the largest price growth in the year to June, according to the ABS.