With the election noise behind us, it’s time to refocus—on smart decisions, well-timed moves, and forward thinking in Melbourne’s evolving property landscape. This isn’t just another snapshot of market data—it’s a prompt to think differently, act decisively, and engage with the opportunity that’s quietly gathering momentum.

1. A Market Ready for Reconnection

With the political dust settled, confidence is finding its feet again. And now, following the RBA’s third 0.25% rate cut in August—bringing the official cash rate down to 3.60%—the signal is crystal clear. All four major banks have passed on the cuts, making lower borrowing costs a tangible reality for households and investors alike. We’re already seeing renewed buyer interest, reinvigorated conversations, and a market beginning to shift gears. It’s not just a shift in tone—it’s a shift in trajectory. A green light for borrowers. A strong tailwind for sentiment. And a clear indication that we’ve entered a new phase of the cycle—one where readiness will reward action.

2. Reframing Opportunity, Not Just Recovery

Too often, we talk about markets “recovering.” But Melbourne doesn’t need to recover—it needs to reawaken. And that’s exactly what’s happening. From under-supplied apartment markets to tightly held prestige enclaves, we’re seeing renewed appetite. It’s selective, it’s savvy—and it’s driven by a search for real value. According to Domain’s latest research, several Melbourne suburbs—including Richmond, South Yarra and Malvern—rank among Victoria’s fastest for doubling property values, reinforcing the long-term potential of well-chosen locations.

3. Commercial Real Estate: Quietly Rebuilding

Behind the scenes, commercial interest is returning. Hybrid work models are bedding down. Tenants are upgrading their spaces. Retail strips are adapting. High Street, Armadale is a good example—where curated retail experiences and boutique offerings are thriving alongside an increasingly premium residential mix. Glenferrie Road, Hawthorn is another standout, with exceptional food offerings and a strong sense of local character continuing to draw foot traffic and investment. And then there’s Swan Street, Richmond—bustling with energy and evolving with new commercial layers that reflect the shift in how Melburnians work, shop, and socialise. It’s about finding what works, and these precincts are proving how adaptive, experience-led centres are thriving. The sharp end of this market will be where the rewards sit: well-positioned, mixed-use commercial holdings with long-term fundamentals and clear local appeal.

4. For Sellers: Pricing to Plan Matters

There’s been renewed momentum at the top end of the market, with a number of significant transactions in the Inner East. But one clear trend has emerged: buyers are becoming more selective—particularly when homes require updates. Pricing right doesn’t just drive interest—it can keep your campaign timeline on track. Overreaching on price can extend timelines and reduce buyer engagement. The good news? Well-prepared homes that are realistically priced are drawing strong enquiry, with early inspections converting to meaningful conversations and competitive offers.

5. Strategic Buying in a Confident Cycle

For buyers, this is a reset. It’s not about panic or FOMO—it’s about positioning. If you’re in a strong financial position and have long-term intentions, you’ll find this market far more navigable than in recent years. Don’t wait for the crowd.

6. In the Spotlight: Local Energy & Finals Fever

With the AFL Finals now in full swing (afl.com.au), there’s a palpable energy across Melbourne—and it’s not just on the field. At Clements International, we’re proud to back our local communities during this exciting time, including our ongoing sponsorship of initiatives like the Toorak Village Sculpture Exhibition (see more).

“It’s a reminder that property isn’t just about price—it’s about place. Spring is the perfect time to re-engage with your neighbourhood, revisit your real estate goals, and take the next step with confidence”

What to Watch:

Momentum into Spring: Spring is building early momentum. With three rate cuts behind us, the focus now shifts to listings, competition and buyer energy heading into summer.

Updated Appraisals: Whether you’re considering selling, leasing, or simply updating your records, now is a smart time to review your property’s value. With rising replacement costs, insurance shifts (including new Fire Services Property Levy rates), and fresh sales benchmarks in play, accurate appraisals ensure you’re protected and well-positioned.

Domain’s Takeover by CoStar: Domain’s acquisition by global data powerhouse CoStar is a major shift in Australia’s digital real estate space. For consumers, it’s good news—greater competition could mean better tools, improved transparency, and new innovations in how properties are marketed and found.

Final Word

This month’s briefing isn’t just an update—it’s an invitation. To think ahead, to explore opportunity, and to act with intent. Melbourne’s property market isn’t waiting for perfect conditions—it’s already adjusting. The question is: will you move with it?

Get a property appraisal—whether you’re considering selling, leasing, or simply updating your records. With rising replacement costs, changing insurance valuations, the updated Fire Services Property Levy, and Spring momentum already building, it’s a smart time to review your asset’s value and ensure you’re protected and prepared.

Beyond Traditional Service: What Sets Us Apart

Our traditional real estate services are just the beginning—we’ve added more to deliver a broader, smarter offering for today’s property clients:

Core Agency Expertise: End-to-end sales, leasing, and management with a focus on results, not volume.
Private Office: Discreet handling of premium and off-market transactions, tailored to high-value clients seeking privacy and precision.
Advisory Division: Strategic support for clients beyond Melbourne—including the coast, country, and secondary markets—designed to help you unlock broader portfolio potential. It also reflects our collaborative model, working closely with experienced professionals across regions to deliver smarter, joined-up advice wherever it’s needed.
Concierge Services: From pre-sale preparation and styling to trusted trades, relocation support, and access to our referral network—we go beyond the transaction to make every step easier and more rewarding.

We’re not here to follow industry norms—we’re here to elevate them with a sharp focus on great results. Whether it’s maximising sale price, securing the right tenant, or providing advice that protects your position—we measure our success by the outcomes we help you achieve.

If you’re considering a move or exploring new directions in property, we’re ready to help you think bigger and act smarter.

Authored by Robert Clements (Director, Clements International). Opinions are his own and do not necessarily reflect the views of Clements International Pty Ltd. General information only; not financial, legal or tax advice. No representation or warranty as to accuracy or currency. To the maximum extent permitted by law (including under the Australian Consumer Law), Clements International Pty Ltd disclaims liability for any loss arising from reliance on this content.

Melbourne Property Briefing

Property Intelligence for Smarter Moves