The market is currently entering a more balanced phase following a period of rapid growth and subsequent rate uncertainty.
: Vacancy rates remain critically low at approximately 1.4–1.6% , which continues to push renters toward homeownership. Suburbs to Watch by Buyer Category houses to buy in melbourne australia
: The metro-wide median for houses currently sits between $910,000 and $991,500 . The market is currently entering a more balanced
: Following a slight softening in early 2026, values are roughly 0.9% below the peak recorded in November 2025. 000 and $991