Australian Property News

Melbourne House Prices Expected to Decline Further Amidst Subdued Spring Market

By Ravs Realtors · 19 September 2026 · 1 min read · Source: realestate.com.au
Photo: Bernard Spragg / flickr · CC0 1.0

Melbourne's median house price reached $964,000 in August, lower than early 2021 levels, with new listings down 17% year-on-year. The subdued spring market is attributed to potential interest rate rises and recent government tax reforms.

This trend suggests a cautious environment for buyers and sellers in Melbourne's western growth corridor. Upcoming changes requiring reserve price declarations seven days before auction could further influence market transparency and buyer confidence.

Summarised by Ravs Realtors from reporting by realestate.com.au.

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Melbourne House Prices Expected to Decline Further Amidst Subdued Spring Market | Ravs Insights