Melbourne Property News Monthly Wrap – May 2025

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Melbourne Property News - Buyer Marketing

Rate cut relief for buyers in May!

Over May’s first 3 weekends the Real Estate Institute of Victoria (REIV) recorded more than 1,563 auctions. 1,202 properties sold, 875 at auction, with 221 passed in. 327 properties were sold before auction with 0 properties selling after auction. 556 homes sold by private sale. The clearance rate so far in May has averaged a whopping 85%.

Rate cut boosts buying power

The Reserve Bank cut the cash rate on Tuesday to 3.85%, easing pressure on mortgage payers, delivering a saving of about $114 a month on a $750,000 loan. It’s great news for buyers too!

How are home values travelling?

Across Australia, CoreLogic’s national Home Value Index recorded a third straight month of value growth through April. Melbourne’s contribution to this healthy market is a 0.2% rise.

And the turnover in buying and selling is constant. According to CoreLogic, 20% of Australia’s residential properties changed hands in the last 5 years. Australians love upsizing to bigger homes, across to better locations, or downsizing when that time comes. Or to buy or sell for investment. And Melbourne is far and away Australia’s auction capital, for example notching up 803 in May’s first week, compared with Sydney’s 577 auctions.

National values health check

The quickest way to gauge national home-value trends is by the proportion of homes, in the capital cities, valued at a million or more. Land-locked Sydney with almost no room to expand, leads the way with 64.4% of homes worth over a million. Booming Brisbane grabbed second place soon after Covid and still holds it with 42%. A big exodus of ‘border-changers’ went north from southern states. Melbourne is third, where 30.9% of homes top the million mark. Adelaide and Perth are close behind, with 27% and 25% respectively. Generally you could say the National market’s in good shape!

What are investors doing?

According to market analysts CoreLogic, many investors were bailing out of Melbourne, after being harassed with higher taxes by the State Government.

In Victoria at the moment three in every ten ‘for sale’ listings are investment properties. This is similar to Sydney, but it’s a higher proportion than in most other states (where the investment dollars are often going). This retreat of investors from Melbourne means there are fewer properties available for Melbourne renters. So rents are going higher. These higher rent returns are a bit of a silver lining for the Melbourne landlords/investors who do not sell up and go. One outcome may be that Melbourne’s lower property values will attract investors who are ahead of the game, looking to Melbourne for some of Australia’s best value!

Buy with confidence, with Buyer Marketing in your corner

Buyer Marketing will find you the perfect property and negotiate the most advantageous purchase price for you – the buyer! For more information about Buyer Marketing’s services, call us 24/7, on 1300 835 835 or 0418 119 911. We look forward to working with you.

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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