Insights on Melbourne’s Spring Surge: Real Estate Market Update November 2025
Melbourne’s spring property market has entered one of its most active phases in years. With warmer weather and renewed optimism, more homes are being listed, more buyers are attending inspections, and prices continue to edge upward. But as expectations rise, many are asking the question of whether this momentum will last through the season.
In this November Melbourne Property Market update, we explore the latest trends shaping the spring property market of Melbourne in 2025. You’ll see where demand is growing, how supply and prices are tracking, what the data shows, and what this means for buyers, sellers, and investors looking to make confident decisions before year’s end.
According to PropTrack, Melbourne’s home prices have climbed 1.9% in the past 12 months, and listings are rising as confidence returns. This balanced environment provides opportunities for both buyers and sellers.
Key Highlights include
- Auction clearance rates are sitting around 72%–75%.
- A steady increase in new listings that improve choice across many suburbs.
- Buyers are more price-conscious but still highly motivated.
Demand & Buyer Sentiment
After a quieter winter, demand has rebounded strongly this spring. First-home buyers, upgraders, and investors are all active, each responding differently to price conditions and lending trends.
Who’s driving activity:
- First-home buyers: Encouraged by a stable rate environment and new lending programs.
- Investors: Targeting growth corridors like Melbourne’s north and west for rental yield.
- Upgraders and downsizers: Taking advantage of higher stock levels.
In some areas, competition remains fierce, with reports suggesting northern suburbs such as Lalor (89%) and Rowville (91%) recorded some of the city’s highest clearance rates this spring.
The current market reflects balanced optimism as buyers are active but cautious, creating more sustainable growth,” says property analyst Jane Smith from CoreLogic.
Listings & Inventory Pressure
Supply is a major talking point this season. Despite a consistent increase in Melbourne’s property listings, some highly sought-after areas continue to experience limited stock levels.
According to Research, suburbs such as Rowville, Blackburn, and Mulgrave are achieving clearance rates over 90%, showing that homes in established areas are selling quickly.
What we’re seeing
- More new listings across inner and middle suburbs
- Lower days on market, especially for well-presented homes
- Ongoing competition for family-sized houses in school catchments
This rise in stock offers buyers greater choice while keeping conditions favourable for sellers.
Price Movements & Forecast
Prices continue to climb, although at a steady pace, with reports that Melbourne’s median house price now sits at $953,454, while units average $628,979. That represents a 2.5% rise over 12 months, while units have seen a more modest 0.2% rise, confirming that houses continue to substantially outperform units.
Price Snapshot
- Median house price: $953,454 (+2.5% YoY)
- Median unit price: $628,979
- Monthly growth (August–September): 0.5%
What It Means for Buyers, Sellers & Investors
Each of these parties faces a different reality in the current market.
Buyers
- More listings mean more choice, but competition remains in well-located suburbs.
- Consider acting soon, as prices are trending upward through spring.
- Review borrowing options while rates remain stable.
Sellers
- Demand is strong; pricing correctly can achieve faster results.
- Well-staged homes are attracting multiple offers.
- Listing before summer may help capture peak buyer interest.
Investors
- Look for suburbs with consistent tenant demand and infrastructure growth.
- Rental yields remain appealing in outer growth corridors.
Diversify across property types to manage market fluctuations.
Thinking about buying, selling, or investing this spring?
The Realta’s local property specialists can help you make smart, confident decisions. Contact us today to get started.
Risks & Headwinds
While the outlook is positive, several factors could temper the spring surge:
- Interest rates: Even small shifts could influence borrowing power.
- Economic conditions: Wage growth and inflation remain key factors.
- Seasonal variation: Activity may taper after the new year.
Being aware of these risks allows buyers and sellers to plan strategically rather than reactively.
Conclusion
The Melbourne property market update for November 2025 shows a balanced spring season with strong demand, more listings, and steady price growth. Expectations for the season are largely being met, and confidence is returning across the city.
Key Takeaways
- Buyer sentiment is strong and sustainable.
- Listings have increased, giving buyers more choice.
- Prices are rising gradually to avoid overheating.
Spring remains a great time to act, whether you’re entering the market or repositioning your property portfolio.
Ready to make your move?
Contact The Realta – Property Buyer’s Agency for expert guidance on Melbourne’s spring property market 2025.
Gurminder Singh is the Head of Research, Co-Founder, and Buyer’s Agent at The Realta – Property Buyer’s Agency. He brings deep industry expertise backed by a Master’s degree in Management and years of real estate experience. Known for his data-driven approach and sharp financial insight, Gurminder helps clients make strategic property decisions—whether buying, selling, or investing. With strong sales acumen and a proven track record in building a multi-million-dollar property portfolio, he excels at sourcing high-performing properties tailored to each client’s goals.