A public auction supervisor performs a public auction on a residential property at Glen Iris in Melbourne, Friday, April 1, 2022. Melbourne’s real estate market has actually seen the quarterly price of development sluggish from 5.8 percent in April in 2014 to 0.1 percent in the previous 3 months. (AAP Image/Diego Fedele) NO ARCHIVING Resource: DIEGO FEDELE/AAPIMAGE