Australian Property News

Melbourne Apartment Prices Soften Amidst New Completions

By Ravs Realtors · 5 August 2026 · 1 min read · Source: Jll
Photo: envato / flickr · CC BY 2.0

Melbourne saw approximately 3,500 new apartments completed in the first six months of 2026. While year-on-year growth remains at 4.0%, median apartment sale prices are now showing signs of softening.

For investors and buyers in Melbourne's western growth corridor, this trend suggests a potentially more balanced market for apartments. Increased supply could offer more choice and potentially better value for those looking to enter or expand their portfolio.

Summarised by Ravs Realtors from reporting by Jll.

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