22/06/2026
Melbourne in a minute. ⏱️
Melbourne’s property market remained relatively consistent over the past week as winter conditions, ongoing economic uncertainty and the recent Federal Budget changes continue to influence buyer behaviour. However there were still over 700 property transactions in Melbourne.
Auction activity was a bit softer than we have become used to, with a total of 462 auction results reported to the REIV so far this week. Delivering a preliminary auction clearance rate of 63%, with 289 properties selling and 173 properties passing in. A further 437 properties were reported as sold via private sale during the week.
While the auction clearance has dipped slightly, well presented and well priced homes continued to attract good interest, particularly from owner-occupiers who remain active in the market. The auctions we attended on the weekend all sold under the hammer to owner occupiers. While investor activity has slowed as buyers continue to assess the proposed changes to negative gearing and Capital Gains Tax, the overall market remains reasonably balanced due to continued owner occupier demand.
On a separate note, a significant regulatory change comes into effect from 1 July, with all real estate agents and buyer’s agents becoming reporting entities under Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) program.
Buyers and sellers can expect additional identity verification and compliance checks as part of property transactions moving forward, bringing the real estate industry into line with obligations that apply to banks and financial institutions. While the changes will create additional administrative requirements, they are designed to improve transparency and strengthen the integrity of Australia’s property market.
📸 Beautiful terrace houses in East Melbourne. Median house price $2,950,000