24/06/2025
And it’s halftime! Winter solstice, school holidays and social media images full of friends in places you’d rather be.
Now how’s the market? In two words - it’s moving. For the first time in what feels like forever there’s some depth and motivation behind it. Yes we’ve had a favourable interest rate change, with more predicted but it’s the pent-up demand and value the Melbourne property market is now offering buyers that’s helping accelerate things. We’ve dipped below Brisbane’s median house price (?!?!) and buyers are recognising there’s genuine opportunity around, investors are back and lockdowns/pandemics are now just triggering words from the past and Melbourne is regaining its status as one of the most liveable cities. If you’re moving about in the property market, attending auctions and inspections you will have seen the extra numbers at opens, more bidders at Auctions and results exceeding owners expectations.
This positive trend has substance, where our Covid price spike, in retrospect, was artificial due to the extraordinary circumstances, this market has something to prove and is only at the start of its journey. Remember by the time the data filters through and the media commentary heightens, you can find yourself chasing prices, changing property types and having to rethink your suburb preferences.
It’s a bit of a call to action but if you are considering buying and have the means to do so, consider getting out there, speak to your broker and bring the process forward as much as possible.
Don’t be disheartened by the winter market and lack of supply, with the extra opportunities Spring brings, the demand will follow.
Disclaimer; subject to global health pandemics, conflicts and natural disasters.