Expat Housing Guide: Moving to Melbourne

Melbourne's housing market is highly competitive and has experienced significant price growth in recent years. The city offers a diverse range of housing options, from Victorian-era terraces and Edwardian homes to modern apartments and townhouses. The inner suburbs feature a mix of period homes and apartment developments, while outer areas offer more detached houses with gardens. Melbourne has a strong rental market with approximately 30% of residents renting, and the market is characterized by a mix of local and international investors. The city has faced affordability challenges, with median house prices considerably higher than the national average, though recent market corrections have provided some relief. New developments continue to emerge, particularly in growth corridors to the north, west, and southeast.