After several months of relative steadiness, there are early signs that Melbourne’s prestige property market may be shifting gears. Some commentators are beginning to suggest that the market is slowly moving out of its recent holding phase, and while it’s too early to call it a full resurgence, the signals are worth watching.
One of the most telling indicators has been the strong sell-through of Q1 properties that did not find a buyer earlier in the year. With minimal new listings coming to market over the past fortnight, motivated buyers have circled back to existing stock, leading to improved outcomes for sellers who have remained realistic in their pricing.
At the same time, vendors appear to be pacing their plans. Rather than listing during the quieter winter weeks, many are holding back and eyeing August as a more favourable time to sell. It suggests growing confidence, with sellers preferring to wait for the right moment rather than rushing to market.
As always, market activity is nuanced and localised — but for buyers and sellers alike, it’s clear the landscape is beginning to evolve. The coming weeks will offer further clues as to whether we are entering a period of steady acceleration.
Looking to make your next move? Speak to your Marshall White agent about the right timing and strategy for your property goals.
