Melbourne Property Development & Price Analysis

This project investigates the relationship between property price growth and development intensity across suburbs within the City of Melbourne between 2013 and 2023.

The objective was to determine whether higher levels of residential development activity are associated with stronger or weaker long-term price growth. This project explores the business question: Does higher development activity influence long-term property price growth in Melbourne suburbs?
I integrated 10-year median house price data (2013–2023) with development project records and calculated development intensity per suburb. Using Power BI and DAX, I analysed the relationship between development activity and price growth, separating completed projects from those still under construction to understand whether supply at different stages has different market impacts. The findings show a moderate negative correlation: -0.60 for completed projects and -0.52 for under-construction projects.

This suggests that suburbs with higher development intensity tended to experience slower long-term price growth, supporting the idea that increased housing supply may moderate capital appreciation. However, the development dataset only covered seven suburbs within the City of Melbourne, resulting in a small sample size. Therefore, the results should be interpreted as exploratory insights rather than definitive conclusions, highlighting the need for broader geographic data to strengthen the analysis.