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Fewer Listings, More Serious Buyers, Why That’s Great News?

• Melbourne’s property market is gearing up for a 𝘀𝘁𝗲𝗮𝗱𝘆 𝗿𝗲𝗰𝗼𝘃𝗲𝗿𝘆 𝗮𝗻𝗱 𝗿𝗲𝗻𝗲𝘄𝗲𝗱 𝗺𝗼𝗺𝗲𝗻𝘁𝘂𝗺 𝗶𝗻 𝟮𝟬𝟮𝟲, even as national trends point towards 𝗿𝗲𝗰𝗼𝗿𝗱 𝗽𝗿𝗶𝗰𝗲𝘀 𝗮𝗰𝗿𝗼𝘀𝘀 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮. According to the realestate.com.au Property Market Outlook, 𝗵𝗼𝗺𝗲 𝗽𝗿𝗶𝗰𝗲𝘀 𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹𝗹𝘆 𝗮𝗿𝗲 𝗳𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝘁𝗼 𝗿𝗶𝘀𝗲 𝗯𝗲𝘁𝘄𝗲𝗲𝗻 𝟲–𝟴% 𝗻𝗲𝘅𝘁 𝘆𝗲𝗮𝗿, with 𝗠𝗲𝗹𝗯𝗼𝘂𝗿𝗻𝗲 𝗲𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗴𝗿𝗼𝘄 𝗮𝗿𝗼𝘂𝗻𝗱 𝟱–𝟳%, in line with its performance through 2025. This continued uplift is driven by 𝘀𝘁𝗿𝗼𝗻𝗴 𝗯𝘂𝘆𝗲𝗿 𝗱𝗲𝗺𝗮𝗻𝗱, 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝗱 𝗯𝗼𝗿𝗿𝗼𝘄𝗶𝗻𝗴 𝗰𝗼𝗻𝗱𝗶𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗹𝗹𝗼𝘄𝗶𝗻𝗴 𝗿𝗲𝗰𝗲𝗻𝘁 𝗿𝗮𝘁𝗲 𝗰𝘂𝘁𝘀, and 𝗼𝗻𝗴𝗼𝗶𝗻𝗴 𝘀𝘂𝗽𝗽𝗹𝘆 𝗰𝗼𝗻𝘀𝘁𝗿𝗮𝗶𝗻𝘁𝘀 that are underpinning price growth across the capitals. 
• While Melbourne has lagged behind some smaller capitals in recent years, the city is 𝗳𝗶𝗿𝗺𝗹𝘆 𝗶𝗻 𝘁𝗵𝗲 𝗲𝗮𝗿𝗹𝘆 𝘀𝘁𝗮𝗴𝗲𝘀 𝗼𝗳 𝗮 𝗿𝗲𝗰𝗼𝘃𝗲𝗿𝘆 after a period of underperformance relative to other major markets. Realestate.com.au notes that 𝗵𝗶𝗴𝗵𝗲𝗿 𝗹𝗲𝘃𝗲𝗹𝘀 𝗼𝗳 𝘀𝘁𝗼𝗰𝗸 𝗲𝗻𝘁𝗲𝗿𝗶𝗻𝗴 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 after a busy spring have given buyers more choice, yet 𝗰𝗼𝗻𝗱𝗶𝘁𝗶𝗼𝗻𝘀 𝗿𝗲𝗺𝗮𝗶𝗻 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗲𝗻𝗼𝘂𝗴𝗵 𝘁𝗼 𝘀𝘂𝗽𝗽𝗼𝗿𝘁 𝗽𝗿𝗶𝗰𝗲 𝗴𝗮𝗶𝗻𝘀. For homeowners considering selling, this period represents an 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗲 𝗺𝗼𝗺𝗲𝗻𝘁 to enter the market before 𝗮𝗳𝗳𝗼𝗿𝗱𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗽𝗿𝗲𝘀𝘀𝘂𝗿𝗲𝘀 𝘁𝗶𝗴𝗵𝘁𝗲𝗻 and prices climb further.
• With 𝗯𝘂𝘆𝗲𝗿 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝘀𝘁𝗶𝗹𝗹 𝘀𝘁𝗿𝗼𝗻𝗴 and forecasts pointing to continued growth, bringing new listings to market could benefit sellers in Melbourne throughout 2026. More homes for sale would help meet 𝗿𝗶𝘀𝗶𝗻𝗴 𝗱𝗲𝗺𝗮𝗻𝗱 𝗳𝗿𝗼𝗺 𝗯𝗼𝘁𝗵 𝗼𝘄𝗻𝗲𝗿-𝗼𝗰𝗰𝘂𝗽𝗶𝗲𝗿𝘀 𝗮𝗻𝗱 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀, while also providing a healthier balance between supply and demand. For many Victorian sellers, especially in middle and outer suburbs where affordability remains relatively better, this could be the ideal window to 𝗺𝗮𝘅𝗶𝗺𝗶𝘀𝗲 𝘀𝗮𝗹𝗲 𝗽𝗿𝗶𝗰𝗲𝘀 𝗮𝗻𝗱 𝗰𝗮𝗽𝗶𝘁𝗮𝗹𝗶𝘀𝗲 on heightened buyer activity before the next phase of growth fully unfolds.