Melbourne Property News Monthly Wrap – April 2025

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Melbourne Property News - Buyer Marketing

Recovery continues in April. It’s blue skies for capital gains

Over April’s first 2 weekends the Real Estate Institute of Victoria (REIV) recorded more than 1,379 auctions. 1,190 properties sold, 871 at auction, with 194 passed in. 316 properties were sold before auction with 3 properties selling after auction. The clearance rate was high, averaging a high 86.5%. 425 homes sold by private sale.

Auction numbers started to slow in April due to School Holidays, Easter and with Anzac Weekend also approaching. However, the Melbourne market recovery is holding up well, with data showing home values rose 0.4% in February and 0.5% in March (according to market analysts CoreLogic). With capital gains happening and more on the way, it’s an excellent time to buy.

How will a Labor election win will affect home buyers?

There’ll be no immediate effect, but if Labor wins on May 3, they say they’ll build 30,000 affordable new homes in five years. If this kicks into gear it will tie up a lot of builders and tradesmen. Building costs will be pushed right up for the private sector. Because builders, tradesmen and materials in every major city will all be in shorter supply. The higher costs for builders and home renovations that follows will push up the price of quality established homes. Because there’s less need to renovate them when a new owner moves in. So this will add continued upward pressure on home values over the next few years.

Labor will keep rolling out the ‘Help To Buy’ scheme, which it has updated. The Government tips in 40% of home equity (if your salary is $100,000 or less). Homes must be valued at $950,000 or less. Anyone can qualify, it doesn’t have to be a first home. A Labor win is good news for home buyers in this category.

How will a Coalition win effect home buyers?

If you have a super nest egg you can put $50,000 towards a home. Also, the Liberals will loosen borrowing rules and the mortgage serviceability buffer. This will increase peoples’ overall borrowing power. Generally, a Coalition win is also good news for home buyers.

Banks are sure more rate cuts are on the way

Interest rate cuts are music to any home buyer’s ears. The Reserve Bank kept them on hold on the April 1 review and they’re the only ones who can say when the next cut will fall. But the big banks, who live and breathe interest rates, believe another cut is coming soon enough. In order of the most optimistic first: Commonwealth Bank thinks we’ll get one in May. NAB says May also. Westpac says in the June Quarter. ANZ says we’ll have to wait until August. In other words they have no clue. But the great thing is they’re all sure another cut’s on the horizon!

Fantastic buy this month

Buyer Marketing just had an excellent outcome purchasing 13 Vickery Street Malvern East, an extra-large 45 square luxury designed 5 bed, 3 bath, 2 car, north facing free standing new home for $3,750,000. This property had been previously listed with another agent with hopes of achieving over 4 million dollars, however Buyer Marketing carefully negotiated this acquisition prior to the Expressions of Interest deadline. Our very happy clients, a professional young family couple purchased well within their budget. Another terrific result, through experienced negotiation!

How we get you the best property

It is looking good for home buyers and if you work with Buyer Marketing you have Melbourne’s most experienced buyer’s agent by your side, stepping you through your home purchase. It’s a process few people do often and are not always familiar with. There can be twists and turns. But with Buyer Marketing’s 35 years of experience working with you, you’re in the best position to buy extremely well. That means getting the best property, on the best terms for you, the buyer.

Peter Fox at Buyer Marketing provides deep experience at every single step of the way – reliable property search, evaluation, acquisition, appraisal, and negotiation.

Our acquisition skills make a big difference

Our well-honed negotiating skills can be key to securing a property. It can be a very competitive process. Exhausting even. Experience makes a big difference. Whether it’s an auction or a private sale, we know the best moves in the most pressured situations. You can have peace of mind because we always act with clarity and integrity to protect your interests. We’ll negotiate for the best possible terms and sale price!

Peter Fox
Principal Advisor &
Licensed Estate Agent
Buyer Marketing

Google Reviews

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Gail Lobo profile picture
Gail Lobo
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Peter's knowledge and expertise were invaluable when purchasing my first home. He guided me through every step and kept me informed regularly, which made the process easier and less stressful. I felt supported and in good hands throughout. Everything fell into place within a few weeks, quicker than expected! I would highly recommend Peter and his services.
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Charlotte St John profile picture
Charlotte St John
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Peter Fox is an outstanding buyer’s advocate. I am so glad that I hired him. It was incredibly helpful to have someone so experienced in real estate navigate the ins and outs of buying a home on my behalf. He achieved the result I was looking for in record speed, and took the stress out of everything. Thank you Peter.
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Colby Hart profile picture
Colby Hart
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Peter was a fantastic buyers advocate - identified and negotiated our dream home for us extremely quickly. Couldn't recommend higher.
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Beatrix Neville profile picture
Beatrix Neville
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I had an excellent experience working with Peter in purchasing my first home. Peter has a calm demeanour and is a clear communicator - never once did I feel stressed, pressured or uncertain of where I was in the journey or what the next steps would be. Peter understood me and my brief, selected quality properties to inspect and took me through off-market properties to compare. Within 3 weeks of contracting Peter we secured the perfect place. I am absolutely thrilled with my purchase, and believe I would have missed out on the property without Peter's rapport and expertise in communicating with Real Estate, and then guidance once the negotiation process started. Peter made the process of finding a property so fun and exciting that I was almost sad when it was over! Thanks Peter!
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Jean-Pierre Eid profile picture
Jean-Pierre Eid
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We engaged Peter Fox for bidding and negotiating, hands down one of the best decisions we ever made. He was clear and comforting ahead of auction and on the day witnessing Peter go to work was awe inspiring. Having done his due diligence beforehand, he was quick to assess a sizable field of interested parties and surgically execute a winning strategy securing for us our dream home. All that aside Peter was empathetic and understood our worries and motivations while also demonstrating strong discipline and an ethical approach throughout. Thank you Peter Fox
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Jessica Fagioli profile picture
Jessica Fagioli
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Peter is nothing short of a real estate king. I engaged Peter because I was looking at buying a specific house in a very competitive area, and which was being sold under a complex set of circumstances. Before even formally engaging him, Peter had gone to see the house in question, had spoken to the real estate agent, and had a good idea of what we were working with. From that moment on, I knew I was in safe hands. Peter was always available to alleviate any concerns and answer any questions, and when he wasn’t in a position to know the answers, he knew exactly how to get them in a prompt manner. Peter established a strong rapport with both the vendor’s solicitor (which ensured my lawyers and I were comfortable with the state of affairs before auction day) and the selling agent (which was critical to my ultimate success at auction). I cannot even begin to describe Peter’s mastery on auction day: there is no way I would’ve succeeded had he not been there. I cannot recommend Peter highly enough. Infinite thanks to you, Peter!
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patty goodman profile picture
patty goodman
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I purchased an investment property through Peter and he made the process so easy and stress free. I saved so much time being able to work while he inspected multiple property’s and negotiated a good deal for the right one. Highly recommend this bloke!
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Peter Mallen profile picture
Peter Mallen
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Peter Fox from Buyer Marketing helped us buy a property in Vermont South recently. We have been looking to downsize for some time and, honestly, are fairly fussy with our criteria. So when a house came along which ticked many of the boxes for us, we enlisted Peter's help to negotiate with the agent and to get the deal across the line. Peter was friendly, approachable and professional throughout. His knowledge and experience of the real estate market and the buying side in particular meant that we could leave the conversations and timing of offers to Peter. We were able to secure the property we wanted at a price that met our budget and met our criteria. So we are very grateful for Peter's advice, assistance and good communication throughout the process.
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Peter Villinger profile picture
Peter Villinger
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With Buyer Marketing’s Peter Fox I was in good hands from the beginning. An initial meeting with Peter set me on the path to a successful purchase of a property. This was an informal chat whereby he was able to understand precisely what my requirements were.From there the process was clear and efficient, Peter explaining not only what he would do but also how and why those were his strategies.Regular updates and the knowledge that he was up for a chat anytime was most reassuring. Peter V
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James Ireland profile picture
James Ireland
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Peter provided us with deep knowledge of the local areas, the real estate market and contacts within the industry that allowed us to quickly purchase a property that suited us perfectly. He gave us calm and thoughtful recommendations and was there for us at every step. He gave us insights we would not have otherwise known, and made the whole process simple. He conducted all the negotiations on our behalf and we came away with the perfect property at the right price. Could not recommend his services higher.

Buyers Agent Melbourne

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