Melbourne Property News Monthly Wrap – October 2025

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Melbourne Property News - Buyer Marketing

Private sales surge in October as buyers get in early!

Over October’s first two weekends the Real Estate Institute of Victoria (REIV) recorded more than 1,582 auctions. 1,197 properties sold, 847 at auction, with 222 passed in. 350 properties were sold before auction with 0 properties selling after auction. The clearance rate averaged a very high 84%. 1,187 homes were bought by private sale.

So far this October there have been more than twice as many private sales as last year. 1,187 compared to 602. It’s a clear trend towards negotiated sales.

Competition is tough

Rate cuts have lifted borrowing power and buyer confidence across Melbourne, so competition for quality homes is tough and it’s causing the surge in pre-auction sales. Many vendors are happy with an offer they think hits the mark, rather than waiting for the uncertainty of auction day.

Assessing values in a rising market can be tricky!

Because it’s a rising market auctions are sometimes going $100,000 to $200,000 above advertised ranges. At auction a buyer can get priced out if there’s an upwards bidding spiral. This happens because it’s not so easy for agents to value properties really accurately right now.

Don’t get pipped at the post! Negotiating skills make the difference.

If a pre-auction offer comes in above the advertised range, a seller is likely to accept it. Buyer Marketing has the experience to advise you on how to make the right kind of pre-auction offer. And if the house goes to auction we are there, in your corner. If it’s passed in, we’ll be there negotiating for you post auction, to secure the home you want.

What’s happening with values right now?

According to real estate analysts PropTrack, Melbourne had a 0.5% home price rise across September adding to the last 12 months’ growth of 3.4%. Melbourne’s median value is $839,000. This brings Melbourne back to the market peak it hit in 2022.

What’s the outlook ahead?

With interest rates expected to move even lower we can expect steady growth in values. Affordability is always a brake on the pace of price growth, but comparatively, Melbourne is coming off a lower base than most other capitals. Melbourne’s one of the least expensive. Average buyers in Brisbane, Perth and Adelaide have all paid more for homes than Melbourne buyers over the last couple of years. Now is a great time to buy well here!

Secure the perfect property with Buyer Marketing

We give you the information, advice and support you need at every stage to purchase your ideal property without wasting time, energy and money. Call us today!

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
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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
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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
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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
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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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