When interest rates go up people often think that the market can soften however this is not always the case.
If there is uncertainty from Vendors, sometimes they will hold off from selling to see what’s going to happen next.
This can then result in fewer properties on the market and more competition from buyers.
As trusted Buyer Advocates around Melbourne who have been in business for almost 8 years and have extensive experience in Real Estate, we know it is not always about finding the perfect time to buy or sell.
Instead, it should be about your personal circumstances and what works for you.
If you’re buying a well located property in and around Melbourne that is structurally sound, then prices of those properties generally continue going up.
If they do happen to go down, then the right property will bounce back pretty quickly.
Our advice as Buyer Agents is not to wait until the market bottoms out or is the perfect time to buy. Instead, buy the property that suits you, regardless of what the market is doing.
Often this means you need to compromise on the type of property, the size of the property and or the location to get into the Melbourne market.
However, at least you will have an asset instead of continuing to rent and paying off someone else’s mortgage instead of your own.
In 2025, the Melbourne property market was very competitive and even though it is early days in 2026, we are already seeing a lot of buyers out and about.
Once again we are expecting to have competition with all our offers as the year has already started that way.
When there are fewer properties on the market, then buyers become even more competitive, as we saw in 2025 and this in turn usually pushes up prices. As it all comes down to supply and demand, as we know.
So remember, no Property is perfect and never will be. It’s how you make it into a home that counts.
To learn more about buying the right property at the right price, contact us today.
Kind Regards,
Melinda and the Team