Melbourne house prices to surge in five key areas post-election

Melbourne’s housing market could recover shortly after the election — if the Carroll government is ousted. A change of government in Victoria’s looming state election is being touted as a “catalyst” to save Melbourne’s struggling housing market — and turbocharge prices in some areas. The respected property pundits behind Hotspotting have tipped Melbourne council areas Darebin, Moonee Valley, Frankston, Brimbank and Whittlesea as the best poised to cope with house price pain being caused by the Albanese government’s May budget attack on investors. But they could also be set to surge if there is a change of government at the November poll. Earlier this week the REA Group pegged Melbourne’s median house values as lower than the start of spring in 2021, in the latest grim milestone for the city’s housing wealth. RELATED: $65k blow: Melb houses worth less than 2021 The bizarre local feature that adds $237k to Melb homes Carroll government’s $12k threat to Vic landlords Hotspotting managing director Tim Graham and founder Terry Ryder have identified rising transaction volumes in the five council areas that, with a change in sentiment towards the state’s housing market, they believe could...