With auction clearance rates sitting comfortably between 70% and 85%, the data tells us one thing clearly: Melbourne’s property market is not just alive it’s performing.

Historically, these figures point to a strong, growing market, where demand is outpacing supply and buyer confidence is back. So why does the broader narrative still feel so uncertain or even negative?

It’s time to ask the hard question: is the sentiment lagging behind reality?

Melbourne is offering real opportunities especially compared to overheated markets in other states. Buyers waiting for a “better” moment may end up looking back at today’s market as the turning point they missed.

Scheduled Auctions
964
Reported Auctions
524
Total Sold
441
Total Passed In
83
Clearance Rate
84%

Scheduled Auctions
849
Reported Auctions
618
Total Sold
448
Total Passed In
115
Clearance Rate
72%

Auction clearance rates in Melbourne have remained remarkably high and stable in recent weeks, sparking a heated debate: are we witnessing a temporary “dead cat bounce,” or is this the beginning of a genuine recovery?

Now that the election dust has settled and major distractions are behind us, buyers and investors seem to be re-engaging with the market. It’s as if Melbourne has collectively taken a long, deep breath and realised that sitting on the side lines indefinitely is not a viable strategy.

There’s also the relative affordability factor. Compared to Sydney and Brisbane, Melbourne’s median property prices are now viewed as a more attractive entry point, particularly for those who still believe in the city’s long-term fundamentals.

Yes, the current state government might be seen as a short-term pain but savvy buyers are already looking past the political noise. Historically, Melbourne has always shown resilience, and this could be another one of those inflection points.

Bottom line? Whether it’s a bounce or a full-on comeback, the Melbourne property market is moving and sitting still might just mean missing out.