KF: Melbourne prime housing prices up 7.9% y-o-y in 2Q15
Knight Frank (KF) noted that its index for prime residential property (i.e. the top 5% in terms of traded prices) in Melbourne rose by 7.9% y-o-y in 2Q15. The index had risen by 3.3% since the beginning of 2015 and by 2.8% in 2Q15 alone. Melbourne’s y-o-y rise was the seventh largest of the 35 cities for which KF published data. Melbourne did not appear in KF’s ranking of the 40 most important cities for UNHWIs worldwide in 2015, which appeared in its Global Cities survey early this year.
Source : August 2015/KF/Melbourne/RES