As we settle into the heart of the winter market, it’s a good time to reflect on where the Melbourne property market stands today. The best way to describe it is this: settled, but not broken.

After a period of adjustment, we’re now seeing a market that is far more stable and predictable. While prices have found a new level, confidence is gradually returning because buyers and sellers have greater certainty around value and the process of buying and selling.

Predictability creates confidence. Buyers can make informed decisions without the fear of rapidly rising prices, while sellers are enjoying the confidence of knowing that once they sell, they are entering a market where their next purchase is also more predictable.

Over the past few weeks we’ve seen some terrific results. Buyers have been able to secure homes they believed were out of reach just 12 to 24 months ago, while sellers have achieved successful outcomes and moved on to their next chapter with confidence.

Family homes continue to be the standout performers. Well-presented properties, priced in line with today’s market, are still generating strong competition, multiple buyers and excellent results. Quality always attracts attention, regardless of the market cycle.

Another encouraging sign is the return of investors, particularly those focused on long-term fundamentals. We’re beginning to see more investors re-enter the market, attracted by improved rental returns and confidence in Melbourne’s long-term capital growth prospects.

Every market presents opportunities—it simply rewards different strategies. Today’s market is rewarding preparation, realistic pricing, quality presentation and experienced negotiation.

While the headlines may continue to focus on uncertainty, what we’re seeing on the ground every day is a market that has adjusted, stabilised and is functioning well. It isn’t broken—it has simply found a new rhythm.

For buyers, sellers and investors alike, that predictability is creating genuine opportunity.

Sales from this week:

The following properties now under offer:

85 Pitt Street, Eltham
54 Jorgensen Avenue, Doreen
899 Healesville-Yarra Glen Road, Yarra Glen
14 Anthony Close, Lower Plenty
6/132 Mitcham Road, Donvale
1/382 High Street, Templestowe Lower
56 Chatsworth Quadrant, Templestowe Lower
135-137 Park Road, Donvale
1/64 Warrandyte Road, Ringwood
82 Russell Crescent, Doncaster East
G04/37 Churchill Street, Doncaster East
28 Churchill Avenue, Reservoir
13-15 Smedley Road, Park Orchards
4 Arcadia Close, Ringwood North
703/20 Hepburn Road, Doncaster
1/8 Service Road, Blackburn

Spiro Drossos

Managing Director,

Barry Plant Eastern Group

Our offices include:

Barry Plant Balwyn

Barry Plant Box Hill

Barry Plant Eltham

Barry Plant Ivanhoe

Barry Plant Manningham

Barry Plant Whitehorse

Settled, But Not Broken