Housing Market 2024 Australia Melbourne. Reflecting the low vacancy environment, according to the reiv, metropolitan residential rents across the precincts increased over the past year. While melbourne’s property market has lagged sydney and brisbane, there are clear indicators that it will continue on its upwards trajectory.

Here are some of the most recent. Some capital city markets, such as melbourne and hobart, have witnessed price falls over the june quarter of 2024.