- The Reserve Bank of Australia (RBA) Cash Rate decreased to 3.6% with hopes of further rate cuts in 2026
- Renovated homes have performed exceedingly well over the past 12 months
- Increased Land Tax & Mortgage Rates make Victoria less favourable to invest in real estate
- Average Clearance rate in Vic @ 63%, Mount Waverley @ 70%
- October was the biggest month for listed and sold properties in Mount Waverley
- Rental Properties returning an average yield 2.4% in Mount Waverley
How has this affected our Marketplace:
- Despite increased cost of living, Auction clearance rates in the area remain strong relative to metro averages, suggesting buyer competition is still solid.
- Immigration & Lack of Property available has fuled demand for Rental & Sale Properties
- Houses are selling reasonably briskly with median days on market around 40–60 days, indicating steady demand.
- Average weekly rents approximate $700+ for houses
- Many investment homeowners have chosen to sell their properties and reinvest in different cities, or cash out altogether and find alternative markets to invest.
What Now?
Selling
What can be done to increase the value of your home (timing, cosmetic updates, etc.)
Investment Property
Time to review your rental income? Does your property meet current standards? Can we reduce your overheads & management costs?
Not Going Anywhere
Review your current mortgage plan with our mortgage broker team (Loan Market)
2025 MW Sales Market