August Property Market Update

Buyer Enquiries Ramp Up Ahead Of Spring

Spring has always been Melbourne’s prime property season — but in recent years, things have been quieter than usual. This year feels different. Agents are gearing up for a surge in listings and buyers are already circling, ready to pounce.

A mix of renewed confidence, positive media coverage about a market rebound and recent interest rate cuts have brought people back in force. Our phones are running hot.
Here’s what we’re seeing:

• People are ready to move: Many have sat on the sidelines while the market was flat. Now, pent-up demand is starting to release and activity is climbing.
• Investors are back: From Brisbane to Sydney and New York, investor interest is returning — and at levels we haven’t seen in years.
• Undervalued markets: Interstate and overseas buyers are eyeing Melbourne and surrounds for long-term value.

This spring, the momentum is real — and it’s already building.

Know Your Data In A Moving Market

As the market comes back and pent-up demand pushes properties to sell faster, one thing matters more than ever: knowing your numbers.

There’s been plenty of noise lately about underquoting and a few “creative” fixes floated to solve it. But the simplest way to avoid false expectations is to be informed. Property is the biggest investment most of us will make, and the data you need is already out there.

Use it.

Do your homework, stress-test the figures you’re given, and you’ll be less likely to walk away disappointed. Underquoting has always been part of the game — sometimes intentional, sometimes just the result of a bidding war that got emotional.

Check out our latest blog on underquoting to learn more.