Here in Melbourne, last weekend set the pace as the first real weekend of open inspections for the year, with a slew of new campaigns coming to market. Across our key areas, open inspection attendances were healthy, and enquiries were consistent, which is an encouraging sign as the market fully steps into 2026.
In the wake of the confirmed interest rate change, some buyers are taking a moment to reset expectations around borrowing capacity and timelines. Engagement remains strong, with plenty of questions and follow-up, but choices are being made with greater care. We are seeing buyers scrutinise value more closely, benchmark against comparable sales, and take extra time to ensure a property truly fits their brief, with momentum softening when a property feels misaligned on overall suitability.
Behind the scenes, there is genuine activity building. We are meeting buyers who missed out last year and are determined to secure a home early in the market cycle, along with sellers who successfully transacted in 2025 but have not yet found their dream property. We are also seeing returning expats re-enter the market with clear briefs and a readiness to move quickly when the right home appears. For anyone contemplating selling, this is a sensible window to bring plans forward, with momentum carrying through from late 2025 and active buyers watching closely for quality opportunities.
For a clear view of how the market is tracking in your area in 2026, connect with your local Marshall White team for informed advice and a campaign strategy that suits your goals.
