Melbourne is the most recent Australian metropolis to report a median house price of over $1 million because the nation’s property market soars into overdrive. Read the newest real property & finance news, property market developments and housing data and insights. He identified that the actual estate sector suffered a “setback” in the course of the first and second wave of the COVID-19 pandemic however said the housing demand has revived. The variety of individuals employed within the sector can be expected to rise to 7 crore in coming years, from 5.5 crore in 2019, he stated while addressing a CII event on the real property sector. Rahim & Co International Sdn Bhd real estate company chief govt officer Siva Shanker says a number of factors will have to be addressed, if not settled, for the Malaysian property market to pave the finest way to restoration.