Melbourne Property Market 2026

Stock levels in April 2026 are influenced by Autumn seasonality, which typically sees lower competition from other vendors. However, a “two-speed market” persists, with the affordable segment (under $800,000) experiencing oversupply in certain areas, contributing to price declines in those specific pockets. The current volume is a tension between seasonal trends and segment-specific imbalances. While

Melbourne’s western suburbs are seeing higher growth in affordable segments and inner-west gentrification, while the eastern suburbs maintain higher median prices with sustained growth in areas like Heidelberg (+25.9%, Domain) and Whitehorse East (+8.6%, Cotality). A two-speed market is currently in effect, where outer-suburban properties are outperforming the broader city median. The Melbourne market is

Melbourne’s eastern suburbs are operating within a two-speed market where outer-suburban properties are outperforming the city median (NAB, March 2026). Strong population growth and a tight rental vacancy rate of 1.4–2.0% continue to support demand (Bamboo Routes, early 2026). However, a wide price gap persists between Melbourne and other capital cities, particularly Sydney. Results across

Rate rises in February and March 2026 have created a two-speed market, shifting competition toward the affordable segment under $800,000. First-home buyers and investors are now primarily competing for entry-level houses in outer suburbs, which are outperforming the city median. Conversely, demand for inner-city high-density apartments has softened. The rate hikes introduced in early 2026

Outer-suburban markets and high-demand houses with strong school catchments or excellent transport links are holding up best in 2026 (Bamboo Routes, early 2026). Growth is driven by affordability, with investors and first-home buyers moving into these corridors ahead of expected grant activity. These segments are currently outperforming the city median, while inner-city high-density apartments remain

Melbourne’s market is currently showing conflicting signals rather than a uniform stabilisation. While KPMG projects house prices to rise 6.6% in 2026, ANZ Research forecasts a -1.7% fall following March rate hikes. Actual data shows a 0.6% drop in values during the March 2026 quarter (PropertyUpdate/Cotality). The market is currently split between long-term growth trajectories

Approximately 60–65% of Melbourne properties are selling at or below asking price (Bamboo Routes, early 2026). Private-treaty sales typically close about 3% below the initial asking price, and auction clearance rates for the week ending 11 April 2026 have fallen to 59.1%. Market conditions in April 2026 reflect a shift toward buyer price sensitivity following

The market in Balwyn, Canterbury and Camberwell is currently defined by a two-speed dynamic where high-demand house markets with strong school catchments are among the 35–40% of properties achieving above-asking results (Bamboo Routes). However, February and March 2026 RBA rate hikes have introduced new caution and dampened buyer urgency (Domain). While these premium eastern suburbs

A median income household in Australia lost approximately $18,000 in borrowing capacity from the February 2026 rate hike alone (Cotality). With the RBA raising the cash rate twice in early 2026 to reach 4.10%, variable interest rates for many borrowers are now pushing above 6% as of April 2026. The February and March 2026 cash

Yes, growth is continuing in specific segments including Melbourne apartments, inner-suburb villa units, and houses in outer suburbs. However, these gains contrast with the broader market, where dwelling values dropped 0.6% in the March 2026 quarter (PropertyUpdate/Cotality). Rate hikes in February and March 2026 have introduced fresh uncertainty into the market. While the overall trajectory