Melbourne’s spring market continues to find its footing, with pleasing auction results across our group pointing to improving confidence on both sides of the transaction. Buyer activity has risen noticeably in recent weeks, with well-presented properties attracting larger crowds, more active bidding and solid outcomes on the day.
The backdrop makes this momentum particularly significant. Stock levels remain lower than we would usually expect at this stage of the season, and even with the most recent interest rate rise, motivated buyers continue to come forward, suggesting demand is exceeding available supply. In our view, prices are beginning to stabilise as a result. It is encouraging to see this level of commitment despite tighter conditions.
Our Coast & Country markets are following a similar pattern. Lifestyle buyers, downsizers and families in search of more space remain engaged, while quality coastal and hinterland homes are generating keen interest once listed. Many enquiries are coming from Melbourne residents seeking a change of pace.
For vendors, limited supply combined with committed buyers creates a well-timed opportunity to sell. Those who have been holding back may find the current environment works to their advantage, especially while competition from other listings remains modest.
Buyers also benefit. Stable pricing, along with new laws requiring reserve prices to be published a week before auction, gives purchasers greater clarity on value. Upgraders gain on both fronts, selling into healthy demand and buying while prices remain stable. For astute purchasers with finance approved and a clear brief, preparation means they can move decisively when the right property is presented.
If you are thinking about your next move, our teams would be happy to talk through your plans. Contact your local Marshall White office for a confidential conversation
