The Melbourne property market has faced some challenges recently, but there are signs of stability and opportunities for homeowners looking to sell. With economic and policy changes in play, 2025 is shaping up to be a year for some positive change.
While interest rates have been a concern for the past few years, we’re now approaching a turning point. Experts expect rates to start easing either this month or April at the latest, which is likely to improve buyer confidence. However, rather than waiting, many sellers are choosing to list now to take advantage of motivated buyers still active in the market before competition potentially increases later in the year.
One of the key drivers in Melbourne’s property market is the growing demand for housing due to high immigration levels. This demand is helping absorb the properties coming onto the market, creating opportunities for sellers.
Additionally, the wave of investor sell-offs, which added to supply in the last 18 months, is slowing as many investors have already made their moves. This means we’re likely to see a better balance between supply and demand as we move through the year.
The second half of the year may bring gradual improvements in property values, but it’s important to remember that each property and situation is unique. For homeowners considering a sale, we are entering a time of expected stability, with marginal increases anticipated later in the year.
Melbourne’s property market in 2025 is expected to find its footing, with steady demand and improving sentiment providing support for sellers. For those considering their next move, the current conditions offer the opportunity to act with confidence.