Well the 2025 market has kicked off and while its early day sits already evident at our end that buyer enquiry is strong, we are seeing investors return their focus to Melbourne after other states have had a substantial growth period. Until mid- late February we wont have a clear picture of the market sentiment with auctions being one of the key indicators for the level of heat within a market. Most of the first auctions for the year are scheduled for the 14^th of February. KPMG has released their growth expectations for Australia and they are predict a steady climb in Melbourne prices from here, with a 14% increase in home loans for Melbourne and agents have been confirming that that they are seeing significantly larger numbers through open homes.  

Two factors we predict will impact the Melbourne market and its sentiment will be of course a rate cut and also the state election with many hoping a change in government would alleviate some of the recent property taxes bought in by the state government. We have seen the vacancy rate climb back to a more balanced market with the last figures of 2024 showing a 1.7%vacancy rate. The real end of the market we are still seeing large interest in is the lower end of the rental market sub $500 per week.

While January is always a quiet time for the industry we have still been busy behind the scenes securing a few properties for clients which has been a great way to welcome in the new year.

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