PHOTO: Eight neighbourhoods are back to their 2015 prices, including Kew. Photo: Leigh Henningham
Property prices in some Melbourne suburbs are back to mid-boom levels, following the sharp correction the market experienced after years of runaway growth.
A total of eight suburbs have fallen to back to levels last seen in 2015, including Balwyn North, Caulfield North and Kew.
And a raft of suburbs are now at the same price point as they were in 2016 including sought-after areas such as Brighton, Flemington and North Melbourne, analysis of Domain data shows.
The price falls of recent years have come amid a clampdown on mortgage lending, but sentiment in the property market ticked up this week after the bank regulator proposed a loosening of lending standards.
READ MORE VIA DOMAIN