15/02/2026
Following last week’s RBA decision to lift the cash rate to 3.85%, alongside ongoing debate around proposed housing policy changes, buyer activity has remained resilient, with auction markets holding firm into February.
Preliminary clearance rates of around 65% across Melbourne point to steady underlying demand, as many buyers, including first home buyers, have already factored interest rate movements into their plans and continue to engage confidently at inspections and auctions.
Amid a changing market, there are strong opportunities for buyers, particularly for those entering the property market for the first time. Almost half of the homes sold in Greater Melbourne last year went for under $750,000, and accessible price stock remains across a range of general locations, including outer metropolitan areas and emerging growth corridors. This creates an attractive entry point for first-home buyers and those upgrading within budget.
Sellers can take heart from ongoing competition for quality properties, with demand supported by a diverse buyer pool. While some investor sentiment has fluctuated amid tax discussions, owner-occupier interest is underpinning activity and helping sustain market depth.
The picture painted by Victoria’s market is one of balance, with buyers benefiting from affordable entry-level options, and sellers continuing to attract engagement and competitive buying interest. As always, if you need assistance in achieving your property goals, the team at Barry Plant is here to provide expert advice every step of the way.
Recent Sales Include:
18 Cambridge Cres, Taylors Lakes SOLD $1,300,000.
2 Halstead Court, Hillside SOLD $883,000.
6 Bolac Place, Taylors Hill SOLD $918,000.
94 Oleander Dve, St Albans SOLD $632,000
73 Shirley St, St Albans SOLD $761,000
93 Hillcrest Drive, Hillside SOLD.
18 Thyme Crescent, Fraser Rise SOLD.
1/2 Terrye Court, Hillside SOLD
