Melbourne: The Next Great Chance for Sellers
The real estate market in Melbourne is changing in an exciting way, with more sellers and investors from other states becoming interested. These changes show that Melbourne is becoming more popular as a place to buy a house. That means sellers have a great chance to profit from the market’s progress.
Interstate buyers are interested in Melbourne.
The number of buyers from outside of Melbourne who attend sales has almost doubled, from 3.1% in 2023 to 5.8% in 2024, as shown below. This rise shows that Melbourne is becoming more appealing to buyers from other states who want to live in a city with a good lifestyle, low prices, and room for long-term growth.
Ray White Auctions is the source.
The graph shows that Melbourne is catching up to areas that have been popular for a long time, like Brisbane and the Gold Coast. While cities in Queensland have the most population, Melbourne’s growing share shows how strong it is and how much desire there is for it.
People who invest are back in the game.
The number of investors in Melbourne has also grown a lot, from 14.8% in 2023 to 16.2% in 2024. This rise shows that Melbourne is becoming a more popular place for investors to look for long-term possibilities.
Why sellers need to act right now
Melbourne is becoming more famous with buyers and investors from other states, so now is the best time for sellers to make money. The rate at which auctions are cleared stays the same, and interest rates are likely to go down soon, which will make demand even higher.
Why Should You Use Vastu to Sell Your Home?
At Vasttu, we know everything there is to know about the Melbourne market. We are experts at showing homes to the right people, whether they are experienced owners or people buying from across state lines. From professional design to smart marketing, we’ll help you every step of the way to get the best results for your home. Book a free appraisal today with us
