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Melbourne house prices to continue rising…

3AW NEWS

Melbourne’s house prices are tipped to jump 10 per cent by 2020, however, experts insist there will still be affordable ways to get into the market.

A report by QBE found an expected surge in most major cities over the next three years.

But the rise does not extend to the apartment market.

Unit prices in Melbourne are expected to fall five per cent.

Phil White from QBE said it means the “Australian dream” of owning a home may have to be redefined.

3AW NEWS
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