Deciding whether to sell in April 2026 requires balancing a broad recovery in vendor confidence against recent RBA rate hikes. While appraisals increased over 75% month-on-month into early 2026 (Raine & Horne), rate hikes in February and March have dampened buyer urgency (Domain).
The market is currently operating under two opposing forces. While a substantial improvement in vendor confidence throughout late 2025 has brought more stock to market, the RBA’s February and March 2026 rate hikes have reintroduced buyer caution.
Buyer demand and activity levels
Open for inspection attendances are up 3% year-on-year as of early 2026 (Raine & Horne). However, the buyer pool has been partially reduced by the 2026 rate hikes, and urgency has decreased (Domain).
The impact of rising inventory
Listings have increased nearly 40% since December 2025 (Raine & Horne). As more homeowners in Melbourne’s eastern suburbs and the Peninsula regions regain confidence and list, competition between vendors is rising.
Investor considerations and tax timing
Investment property holders are facing ongoing erosion of net yields due to stacked state taxes. Settling a sale before 30 June 2026 may also result in lower tax liability if the sale occurs in a year of lower income.
The forecast divergence
Significant uncertainty exists regarding short-term price direction. KPMG projected 6.6% house price growth for 2026, but ANZ revised its forecast to -1.7% following the March RBA hike.
Frequently asked questions
What is the best time of year to sell in Melbourne?
Spring (September–November) is the peak season for auction volume and competition, while Autumn (March–May) is the second-strongest. February typically marks the market restart after summer. Mid-December to January usually sees the lowest buyer activity across Melbourne’s eastern suburbs and the Peninsula.
How do interest rate rises impact my property value?
Buyer activity does not stop during rate rises; instead, the market moderates and becomes more price sensitive (Mathew Tiller, LJ Hooker). Recent RBA hikes in February and March 2026 have reduced the available buyer pool and dampened the urgency seen throughout 2025 (Domain).
Should I sell my home before buying a new one?
Selling first removes the risk of bridging finance but may require temporary accommodation. However, acting as an unconditional cash buyer typically provides a stronger negotiating position when purchasing. Many vendors in Melbourne’s active corridors coordinate 60–90 day settlement periods to manage this transition.
Is it better to wait until 2027 to sell?
Long-run structural drivers, including chronic undersupply and high population growth, support medium-term appreciation. Some forecasts suggest Melbourne is likely to outperform in 2027 (ANZ, Domain). However, waiting may mean facing more listing competition as vendor confidence continues to rise.
Questions to ask your agent
- How has the March RBA hike specifically impacted buyer urgency and offer levels for properties similar to mine?
- Given the 40% increase in listings since December, how many direct competitors are currently active in my immediate street or pocket?
- Based on current buyer behaviour, what is the realistic probability of achieving a simultaneous settlement within a 60–90 day window?
This article contains general market information based on data current as at April 2026. It does not constitute financial, legal, or real estate advice specific to your property or circumstances. For an appraisal and tailored advice, speak with a Fletchers agent in your area.