Melbourne home values are on the rise again, reversing 2024’s downward move. The past two months has seen improved buyer sentiment and increased numbers at opens. February’s interest rate cut coupled with improving borrowing capacity has sparked the market. Basically, buyers have more to spend. And more reason to get moving. Lower priced properties have led the pace of growth and owner occupiers have replaced investors.

The drawn out rate cutting cycle and cautious lending policy together with a slower population growth rate are likely to see properties appreciate closer to to 6% annualised .

*Core logic R E A research

Where we are currently sitting in the property cycle?

Strengthening property values, increasing rents, and low stock levels is moving the pendulum from a buyers market to a sellers market.

A large part of our optimism is due to our team’s sales success, and likely acceleration of rate cuts. Fewer appraisals suggests Autumn will see fewer listings and with the buzzing enquiry sale prices will be robust.

I have every confidence the market price for your property has increased. If you are curious about the value of your home or would like to chat regarding your property plans for 2025, feel free to get in touch!