Buyer confidence in Melbourne’s eastern suburbs remains selective in April 2026. While the top end of the market is showing resilience, particularly when compared to other capitals, a two-speed market is evident. Affordable properties and those in gentrifying areas are currently outperforming the city median, driven by first-home buyers and investors. Overall, the market is
Melbourne’s property market in April 2026 is best characterised as two-speed, leaning towards a buyers’ market overall, but with pockets of opportunity for sellers. While Melbourne’s median dwelling value is approximately $830,371 (Cotality, January 2026), recent quarterly figures show a slight decrease of 0.6% (March 2026), and values remain 1.3% below the March 2022 peak
Melbourne house prices are displaying mixed signals in early 2026 following two consecutive rate rises in February and March. While forecasts from KPMG, Domain, and PropTrack still point to growth of 6–8% for the year, ANZ Research has revised its outlook to a -1.7% fall, citing broader economic pressures. The median dwelling value in Melbourne
