The recent interest rate cut has had an immediate effect across Melbourne’s property market, particularly on buyer confidence. At auctions, we have noticed an increasing level of participation, with more bidders prepared to step forward rather than wait on the sidelines. This shift in energy is a reminder that while affordability remains a consideration, sentiment often drives market momentum just as strongly.
We are now approaching a natural pause point in the campaign calendar. The last wave of listings before the school holidays is coming to market over the coming days, after which the AFL finals and September break will briefly temper new stock. This pattern is well established each year, but the difference this season is the mood on the ground. Buyers sense that market conditions may soon begin to tilt upwards, and that hesitation could mean missing out on homes that may look comparatively good value in hindsight.
While sustained price growth will take time to filter through to the data, we are seeing consistent competition and great results for well-presented homes with sensible pricing strategies. Buyers are aware that waiting until after the holidays - or into the spring rush - could mean entering a more competitive environment where negotiation power may be diminished.
For sellers, this is an ideal time to launch while choice is still limited and buyers are motivated. For purchasers, the current window offers a valuable chance to act before the spring market introduces more stock and stronger demand.
If you are considering a sale or purchase, now is the time to put a strategy in place. Speak with your local Marshall White agent to secure your opportunity in this evolving market.
