Australian Property News

Melbourne's Spring Market Starts Soft with Price Declines

By Ravs Realtors · 19 September 2026 · 1 min read · Source: realestate.com.au
Photo: Monash Public Library Service / flickr · Public Domain

The city's median house price reached $964,000 in August, lower than early 2021, and new listings were down 17% year-on-year. Auction clearance rates also saw a significant drop compared to the previous year.

Buyers in Melbourne's western growth corridor might find a less competitive market with more room for negotiation. Sellers should be prepared for a more cautious environment, potentially adjusting expectations on sale prices and timelines.

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

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