The past 12 months have brought mixed conditions across the North East property markets, reflecting broader Melbourne trends.
Listings have increased in the region, and buyer demand has remained steady, with a noticeable increase in confidence from purchasers as interest rates stabilised. Some vendors held firm on price expectations shaped by the post-pandemic boom, leading to mismatches in expectations. Those who adapted to the current market conditions were rewarded. Notably, our offices across the region recorded a 38% increase in sales volume, and we’re grateful to the local community for continuing to place their trust in us.
The February and May 2025 rate cuts sparked a rise in activity, and we’re seeing more investors attending inspections and securing properties as yields now offer stronger value alongside forecasted capital growth. Further rate cuts anticipated in the second half of 2025 should provide an additional boost.
Properties in sought-after locations – particularly those that are newly renovated or move-in ready – continue to attract strong interest. With building costs high and delays still a factor, many buyers are willing to pay a premium for turnkey homes. Family homes remain highly sought after, attracting multiple motivated buyers. Well-located, low-maintenance options for first-home buyers and downsizers also perform well, especially in Ivanhoe, Heidelberg, Montmorency, Greensborough and Eltham.
The premium end of the market remains robust, with $2 million-plus homes in Ivanhoe, Rosanna and surrounding areas in high demand. Larger lifestyle properties in Plenty, Lower Plenty and Eltham continue to appeal to upsizers.
