Mount Waverley Real Estate UPDATE
The Victorian property market continues to present a mixed landscape, with interest rate movements, borrowing capacity and ongoing holding costs influencing buyer and investor confidence. Following the RBA cash rate increases, the cash rate currently sits at 4.60%, with market attention focused on the potential for further adjustments.
Within Mount Waverley, renovated and move-in-ready homes have continued to attract strong buyer interest over the past 12 months, particularly properties offering quality presentation, family appeal and access to sought-after school zones. While higher land tax, financing costs and mortgage repayments continue to weigh on property investors, established suburbs such as Mount Waverley remain attractive to owner-occupiers seeking long-term value.
How has this affected our marketplace?
Since early March, auction clearance rates across Victoria have generally hovered around 50–55%, reflecting the ongoing challenge of bringing buyers and sellers together on price. While buyer interest remains for well-presented properties that are realistically priced, the gap between vendor expectations and buyer offers has contributed to more challenging auction conditions. In this environment, accurate pricing, strategic marketing and a clear understanding of current buyer demand are increasingly important in achieving a successful sale.
