Bayside’s property market has enjoyed a strong start to 2025, with robust early momentum and sustained buyer demand. Our area’s appeal is underpinned by lifestyle, excellent transport links, and high-quality education options across private and public schools.
Recent interest rate cuts were met with optimism by mortgage holders, although the anticipated increase in buyer activity has not yet fully materialised. The cuts have helped restore confidence and sentiment across the market, setting the tone for a more active winter and spring period.
While the Real Estate Institute of Victoria (REIV) reports Melbourne’s average auction clearance rate at 70% since the start of 2025, Jellis Craig Bayside has surpassed this, achieving over 76% during the same period. This result reflects the consistent demand for well-located, quality family homes. There has, however, been some softening at the upper end of the market, particularly for properties priced above $6 million.
The rental market remains tight, with demand consistently outpacing supply. Rental prices have surged, with low vacancy rates supporting strong yields for landlords. However, stricter legislation and compliance demands have underlined the importance of expert property management.
We are also seeing early signs of change in the development landscape. In response to Victoria’s housing affordability challenges, the state government has introduced new planning reforms, streamlining planning approvals and easing site restrictions to increase the supply of mediumdensity housing. Interest in land with development potential has grown as buyers and developers move to take advantage of these changes.
