First Home Buyer Gets Discount on $722,500 North Melbourne Three Bedder Melbourne's property market has long been a barometer for the city's economy.
Recent auctions suggest that the city is experiencing a nuanced slowdown. While some sales defy expectations, others reveal the complexity of the current market.
The federal government's 5 percent deposit scheme has made it easier for first home buyers to enter the market. A case in point is the $722,500 North Melbourne apartment sold at auction last week.