Melbourne preview

Australia

Melbourne is Australia’s fastest growing city, and the cost of real estate and limited availability of accommodation reflect this.

In the first week of March 2010, home sales in Melbourne shattered all previous records by topping out over $1 billion in a single weekend. Unfortunately, for those looking to buy, the trend shows no signs of slowing. Nearly 2000 people relocate to Melbourne each week, all needing a place to live. With the lack of available land for new developments, and the common desire to live close to the city centre, home and property prices in and around Melbourne will continue to rise.

Melbourne’s eclectic mix of older architecture and newer, ultra-modern homes and apartment blocks offer a range of living options. Whether you choose a sky-high, glass walled apartment in a new building with city views, or a ground level brick attached terrace house, t…