: Vacancy rates remain critically low at approximately 1.4–1.6% , which continues to push renters toward homeownership. Suburbs to Watch by Buyer Category
: Following a slight softening in early 2026, values are roughly 0.9% below the peak recorded in November 2025. houses to buy in melbourne australia
The market is currently entering a more balanced phase following a period of rapid growth and subsequent rate uncertainty. : Vacancy rates remain critically low at approximately 1
: The metro-wide median for houses currently sits between $910,000 and $991,500 . : The metro-wide median for houses currently sits
Buying a house in Melbourne in presents a "two-speed" market characterized by resilience in affordable segments and caution in prestige areas . While median house prices have recently stabilized or seen slight quarterly dips of roughly -0.9% since late 2025, many experts forecast a significant recovery with growth tips between 5–9% through the remainder of 2026. Current Market Conditions (April 2026)
Market performance varies significantly by region, with affordable outer-ring suburbs often outperforming high-value inner-east areas. Melbourne Housing Market Update | April 2026