What does this market mean for sellers?

This week delivered exactly what we love to see — buyers engaged and confident decisions being made.

After a week of intense media discussion around interest rate movements, we saw a noticeable shift in buyer sentiment. The initial hesitation that followed the rate adjustment appears to have settled, and the market responded with renewed confidence and stronger engagement across our auctions.

Interest Rate Noise Has Settled

The early reaction to rate changes created some uncertainty — which is natural. However, as we’ve consistently said, perspective matters. When buyers step back and assess long-term fundamentals, Melbourne property remains a compelling and stable asset class.

This week, that confidence translated into:

• Stronger open for inspection numbers
• Multiple bidders at key auctions
• Increased buyer enquiry levels
• More decisive negotiations post-auction

Buyers who are finance-approved are particularly active right now. They understand that borrowing conditions may tighten further, and many are choosing to secure quality property while they can.

What This Means for Sellers?

For vendors currently on the market, this is an excellent window.

The strongest buyers in today’s marketplace are:

• Finance-approved
• Emotionally committed
• Actively inspecting
• Prepared to compete

These are not speculative buyers — they are decisive and ready.

With confidence stabilising and enquiry lifting, the conditions are presenting real opportunity.

The Eastern Group Advantage

Being part of largest Victorian owned real estate network of 70 offices gives our clients access to one unified database across Melbourne.

In competitive markets, buyer depth matters.

Database strength matters.

Experience matters.

Most importantly, the trust our community places in us matters.

As we move further into 2026, the early signs are encouraging. Buyer confidence is rebuilding, and momentum is returning.

We look forward to another strong week ahead and thank all our clients and community for their continued trust and support.

See below for this week’s impressive sales results:

• 6-8 St George’s Avenue, Templestowe sold for $2,260,000
• 9 Toorak Court, Greensborough sold for $1,873,000
• 2a Gilbert Street, Bulleen sold for $1,400,000
• 1/29 Warringal Street, Bulleen sold for $1,375,000
• 1/31 Denis Street, Mitcham sold for $1,235,000
• 36 Garden Street, Box Hill North sold for $1,225,000
• 240 Springfield Road, Nunawading sold for $1,180,000
• 105 Swanston Street, Templestowe Lower sold for $1,160,000
• 2A Hardwood Court, Mitcham sold for $1,138,000
• 9 Arnold Avenue, Heidelberg Heights sold for $950,000
• 2/16 Inez Avenue, Eltham sold for $760,000
• 1/42 Abercrombie Avenue, Keysborough sold for $657,000
• 3/3 Turnbull Court, Ringwood sold for $605,000
• 8/872 Doncaster Road, Doncaster East sold for $374,000
• 2 Wayne Court, Heathmont sold!
• 42 Anderson Street, Templestowe sold!
• 29 Estelle Street, Bulleen sold!
• 1/269 Thompsons Road, Templestowe Lower sold!
• 14-16 Riverwood Lane, Templestowe Lower sold!

Currently under offer and will be sold soon:

• 20 Heacham Road, Eltham North
• 11A Hope Street, Greenborough
• 283 Oriel Road, Heidelberg West
• 184 Porter Road, Heidelberg Heights
• 48 Perkins Avenue, Bellfield
• 10 Yaraleen Place, Bulleen
• 3 Marist Place, Templestowe
• 601/1 Grosvenor Street, +Doncaster
• 2/314 George Street, Doncaster
• 30 Fairview Avenue, Croydon North
• 319 Oban Road, Donvale
• 3/11 Valentine Street, Bulleen
• 218 Bulleen Road, Bulleen
• 20 The Boulevard, Heathmont
• 2/24 Station Street, Cranbourne

Spiro Drossos

Managing Director, Barry Plant Eastern Group

Proudly servicing Manningham, Whitehorse, Eltham, Ivanhoe & Balwyn