PHOTO: Melbourne’s housing market could see an orderly adjustment. Photo: Josh Robenstone
Melbourne’s housing market looks set for another year of modest price falls amid weak sentiment, curbs on borrowing money and a wave of new supply.
But experts hope the city’s surging population will put a floor under the declines as more new residents look for family homes.
The city’s residential market has been coming off the boil after five years of soaring prices, with a regulatory crackdown on bank loans and scrutiny of lending standards from the financial services royal commission.
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