Melbourne's real estate market has recently been experiencing an increase in housing supply, which is creating opportunities for both buyers and sellers.
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Growth Opens Doors for Buyers and Sellers
10 December 2024
With 45,372 properties listed for sale in November 2024, Melbourne leads Australia’s capital cities, reflecting a 16.8% rise in listings over the past year.* This expanded inventory allows buyers greater choice while still providing sellers with a competitive market supported by Melbourne's lifestyle appeal. For Marshall White, we have seen remarkable activity, transacting between $600 million and $700 million in both October and November, reflecting the sustained strength of the market.
The increase in listings has brought a healthier balance to the market. Buyers can now explore a wider range of options without the intense competition seen in recent years, while sellers benefit from the demand that Melbourne consistently attracts, both locally and internationally. Suburbs such as South Yarra, Brighton, and Camberwell remain hotspots for high-end properties, showcasing the city's prestige market resilience.
As the spring selling season winds down and the holiday season approaches, new listings are expected to decrease, as is typical at this time of the year. For buyers, this may mean locking in competitive prices, while sellers can look forward to serious and motivated purchasers.
With Melbourne's strong fundamentals - ranging from liveability to its status as a cultural and educational hub - the city's property market continues to offer promising opportunities for all parties involved.
Looking to sell? Connect with your local Marshall White team today to take advantage of Melbourne’s real estate momentum in 2025.
*Data source: SQM Research
