{"id":23813,"date":"2021-06-15T08:04:53","date_gmt":"2021-06-15T01:04:53","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=23813"},"modified":"2021-06-17T11:50:45","modified_gmt":"2021-06-17T04:50:45","slug":"melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\/","title":{"rendered":"Melbourne&#8217;s house prices spike as &#8217;empty nesters&#8217; turn down downsizing"},"content":{"rendered":"<p><span data-contrast=\"auto\">Experts say that increased stock and policies that stimulate\u00a0<\/span><span data-contrast=\"auto\">house selling would help ease the\u00a0market<\/span><\/p>\n<figure id=\"attachment_23814\" aria-describedby=\"caption-attachment-23814\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-23814 size-full\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/processed-9-1.jpeg\" alt=\"\" width=\"1000\" height=\"750\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/processed-9-1.jpeg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/processed-9-1-400x300.jpeg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/processed-9-1-600x450.jpeg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/processed-9-1-768x576.jpeg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-23814\" class=\"wp-caption-text\">Tax and transfer systems reform might create incentives for downsizing. Source: ShuangLi\/Shutterstock<\/figcaption><\/figure>\n<p><span data-contrast=\"auto\">According to <a href=\"https:\/\/www.theage.com.au\/business\/the-economy\/melbourne-property-market-in-catch-22-as-empty-nesters-dig-in-20210610-p57zvz.html\" target=\"_blank\" rel=\"noopener\">The Age<\/a>, Melbourne\u2019s tens of thousands of \u201cempty nesters\u201d are putting pressure on the city\u2019s housing market<\/span><span data-contrast=\"auto\">\u00a0as they lack interest in downsizing their homes.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The real estate industry and economists advise that the spike in house prices this year is mainly driven by limited desirable propertie<\/span><span data-contrast=\"auto\">s on the market. Another big factor is the large number of family-sized homes owned by\u00a0<\/span><span data-contrast=\"auto\">couples<\/span><span data-contrast=\"auto\">\u00a0and singles from the baby boom generation.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Productivity Commission\u2019s landmark research in 2016 revealed that 80 percent of older Australians owned their own home and almost three-quarters of them had no interest in selling up in retirement, generally due to<\/span><span data-contrast=\"auto\">\u00a0a preference to stay in their communities.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Terry Rawnsley, a KPMG urban and regional planner, defended empty nesters having\u00a0<\/span><span data-contrast=\"auto\">said, &#8220;It&#8217;s<\/span><span data-contrast=\"none\">\u00a0not helpful to blame people for living in the homes they\u2019ve lived in for 20 or 30 years, it\u2019s\u00a0<\/span><span data-contrast=\"none\">recognising<\/span><span data-contrast=\"none\">\u00a0that the market hasn\u2019t worked in the way we\u2019d liked.\u201d\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Nevertheless, the decision to remain in family homes by empty nesters and retirees\u00a0<\/span><span data-contrast=\"none\">was<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">putting \u201cconsiderable pressure\u201d on Melbourne\u2019s housing market.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/victorias-stamp-duty-changes-will-have-a-ripple-effect-on-the-whole-market\/\" target=\"_blank\" rel=\"noopener\"><strong>More: Victoria\u2019s stamp duty changes to have a ripple effect on Australian market<\/strong><\/a><\/p>\n<p><span data-contrast=\"none\">Rawnsley\u00a0<\/span><span data-contrast=\"none\">sai<\/span><span data-contrast=\"none\">d, \u201c<\/span><span data-contrast=\"none\">If you look at the house price data for the type of suburbs where you\u2019ve got larger homes with a bit of space, they\u2019re the ones which have increased above average, against the rest of the property market.\u201d\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">He\u00a0<\/span><span data-contrast=\"auto\">added that tax and transfer systems reform might create incentives to downsizing, and changes to local and state planning systems c<\/span><span data-contrast=\"auto\">ould stimulate more developments that retirees would be attracted to.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Anthony\u00a0<\/span><span data-contrast=\"auto\">Buc<\/span><span data-contrast=\"auto\">c<\/span><span data-contrast=\"auto\">ello<\/span><span data-contrast=\"auto\">\u00a0of National Property Buyers said that stock shortage in established suburbs<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">was a huge\u00a0factor driving the property market to its current record highs. He said, \u201cIt\u2019s hard to convince people to sell.\u00a0<\/span><span data-contrast=\"none\">\u201cThe only thing that\u2019s going to ease the market is more stock and whatever policies are put in place to\u00a0<\/span><span data-contrast=\"none\">incentivise<\/span><span data-contrast=\"none\">\u00a0people to sell, something needs to happen in order to balance the market.\u201d\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Experts say that increased stock and policies that stimulate\u00a0house selling would help ease the\u00a0market\u00a0<\/p>\n","protected":false},"author":12,"featured_media":23814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[149,1871,650,272],"class_list":["post-23813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-australia","tag-empty-nesters","tag-housing-market","tag-melbourne","news_country-australia","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Melbourne&#039;s house prices spike as &#039;empty nesters&#039; turn down downsizing | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Melbourne&#039;s house prices spike as &#039;empty nesters&#039; turn down downsizing | Asia Property Awards\" \/>\n<meta property=\"og:description\" content=\"Experts say that increased stock and policies that stimulate\u00a0house selling would help ease the\u00a0market\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.asiapropertyawards.com\/en\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\/\" \/>\n<meta property=\"og:site_name\" content=\"Asia Property Awards\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/asiapropertyawards\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-15T01:04:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-17T04:50:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/processed-9-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Content Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AsiaPropAwards\" \/>\n<meta name=\"twitter:site\" content=\"@AsiaPropAwards\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Content Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\\\/\"},\"author\":{\"name\":\"Content Writer\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/person\\\/60e0732a149bc2fbe99629e45c8be3c2\"},\"headline\":\"Melbourne&#8217;s house prices spike as &#8217;empty nesters&#8217; turn down downsizing\",\"datePublished\":\"2021-06-15T01:04:53+00:00\",\"dateModified\":\"2021-06-17T04:50:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\\\/\"},\"wordCount\":392,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/processed-9-1.jpeg\",\"keywords\":[\"australia\",\"empty nesters\",\"housing market\",\"melbourne\"],\"articleSection\":[\"News\",\"Property Report\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\\\/\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\\\/\",\"name\":\"Melbourne's house prices spike as 'empty nesters' turn down downsizing | Asia Property Awards\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/processed-9-1.jpeg\",\"datePublished\":\"2021-06-15T01:04:53+00:00\",\"dateModified\":\"2021-06-17T04:50:45+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/processed-9-1.jpeg\",\"contentUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/processed-9-1.jpeg\",\"width\":1000,\"height\":750},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Melbourne&#8217;s house prices spike as &#8217;empty nesters&#8217; turn down downsizing\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\",\"name\":\"Asia Property Awards\",\"description\":\"PropertyGuru Asia Property Awards\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#organization\",\"name\":\"Asia Property Awards\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Trophy_2.png\",\"contentUrl\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Trophy_2.png\",\"width\":1920,\"height\":1080,\"caption\":\"Asia Property Awards\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/asiapropertyawards\",\"https:\\\/\\\/x.com\\\/AsiaPropAwards\",\"https:\\\/\\\/www.instagram.com\\\/asiapropertyawards\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/showcase\\\/asia-property-awards\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCCMEFMU-KW5dEKfb5dPTL9Q\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/#\\\/schema\\\/person\\\/60e0732a149bc2fbe99629e45c8be3c2\",\"name\":\"Content Writer\",\"url\":\"https:\\\/\\\/www.asiapropertyawards.com\\\/en\\\/author\\\/intern\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Melbourne's house prices spike as 'empty nesters' turn down downsizing | Asia Property Awards","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.asiapropertyawards.com\/en\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\/","og_locale":"en_US","og_type":"article","og_title":"Melbourne's house prices spike as 'empty nesters' turn down downsizing | Asia Property Awards","og_description":"Experts say that increased stock and policies that stimulate\u00a0house selling would help ease the\u00a0market\u00a0","og_url":"https:\/\/www.asiapropertyawards.com\/en\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\/","og_site_name":"Asia Property Awards","article_publisher":"https:\/\/www.facebook.com\/asiapropertyawards","article_published_time":"2021-06-15T01:04:53+00:00","article_modified_time":"2021-06-17T04:50:45+00:00","og_image":[{"width":1000,"height":750,"url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/processed-9-1.jpeg","type":"image\/jpeg"}],"author":"Content Writer","twitter_card":"summary_large_image","twitter_creator":"@AsiaPropAwards","twitter_site":"@AsiaPropAwards","twitter_misc":{"Written by":"Content Writer","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.asiapropertyawards.com\/en\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\/#article","isPartOf":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\/"},"author":{"name":"Content Writer","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/person\/60e0732a149bc2fbe99629e45c8be3c2"},"headline":"Melbourne&#8217;s house prices spike as &#8217;empty nesters&#8217; turn down downsizing","datePublished":"2021-06-15T01:04:53+00:00","dateModified":"2021-06-17T04:50:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\/"},"wordCount":392,"commentCount":0,"publisher":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\/#primaryimage"},"thumbnailUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/processed-9-1.jpeg","keywords":["australia","empty nesters","housing market","melbourne"],"articleSection":["News","Property Report"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.asiapropertyawards.com\/en\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.asiapropertyawards.com\/en\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\/","url":"https:\/\/www.asiapropertyawards.com\/en\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\/","name":"Melbourne's house prices spike as 'empty nesters' turn down downsizing | Asia Property Awards","isPartOf":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\/#primaryimage"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\/#primaryimage"},"thumbnailUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/processed-9-1.jpeg","datePublished":"2021-06-15T01:04:53+00:00","dateModified":"2021-06-17T04:50:45+00:00","breadcrumb":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.asiapropertyawards.com\/en\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.asiapropertyawards.com\/en\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\/#primaryimage","url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/processed-9-1.jpeg","contentUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/processed-9-1.jpeg","width":1000,"height":750},{"@type":"BreadcrumbList","@id":"https:\/\/www.asiapropertyawards.com\/en\/melbournes-house-prices-spike-as-empty-nesters-turn-down-downsizing\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.asiapropertyawards.com\/en\/"},{"@type":"ListItem","position":2,"name":"Melbourne&#8217;s house prices spike as &#8217;empty nesters&#8217; turn down downsizing"}]},{"@type":"WebSite","@id":"https:\/\/www.asiapropertyawards.com\/en\/#website","url":"https:\/\/www.asiapropertyawards.com\/en\/","name":"Asia Property Awards","description":"PropertyGuru Asia Property Awards","publisher":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.asiapropertyawards.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.asiapropertyawards.com\/en\/#organization","name":"Asia Property Awards","url":"https:\/\/www.asiapropertyawards.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/12\/Trophy_2.png","contentUrl":"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2023\/12\/Trophy_2.png","width":1920,"height":1080,"caption":"Asia Property Awards"},"image":{"@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/asiapropertyawards","https:\/\/x.com\/AsiaPropAwards","https:\/\/www.instagram.com\/asiapropertyawards\/","https:\/\/www.linkedin.com\/showcase\/asia-property-awards","https:\/\/www.youtube.com\/channel\/UCCMEFMU-KW5dEKfb5dPTL9Q"]},{"@type":"Person","@id":"https:\/\/www.asiapropertyawards.com\/en\/#\/schema\/person\/60e0732a149bc2fbe99629e45c8be3c2","name":"Content Writer","url":"https:\/\/www.asiapropertyawards.com\/en\/author\/intern\/"}]}},"_links":{"self":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts\/23813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/comments?post=23813"}],"version-history":[{"count":0,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/posts\/23813\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/media\/23814"}],"wp:attachment":[{"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/media?parent=23813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/categories?post=23813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asiapropertyawards.com\/en\/wp-json\/wp\/v2\/tags?post=23813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}