With the April holidays and federal election now behind us, confidence appears to be returning to Melbourne’s property market.

Auction clearance rates are picking up, and open homes are busier again signs of renewed energy among buyers.

Scheduled Auctions
898

Reported Auctions
447

Total Sold
378

Total Passed In
69

Clearance Rate
85%

Scheduled Auctions
819

Reported Auctions
606

Total Sold
437

Total Passed In
111

Clearance Rate
72%

One key factor driving this shift? The growing belief that the next move in interest rates could be a cut, not a hike.

But there’s another force at play: low stock levels.

What Low Stock Means for You

For Homebuyers:

Limited supply means more competition, higher prices, and fewer chances to hesitate. Well located, well presented homes are attracting strong interest and quick sales. If you’re ready to buy, having finance in place and acting decisively could be your biggest advantages.

For Investors:

Tight supply + steady demand = price pressure. This creates a strong foundation for capital growth. Pair that with low vacancy rates and healthy rental returns, and the current market could offer compelling opportunities for strategic investors.

Are We at the Start of a Rally?

Early signs point in that direction. Confidence is building, interest rates may soon fall, and stock levels remain low. The result? A market that’s quietly gathering momentum.

Whether you’re buying, selling, or investing – now is the time to prepare.

Need help navigating the current market? Let’s talk.