Brett Warren , National Director – Metropole Group
After a few cautious years, the Victorian property market is quietly mounting a comeback – and savvy buyers are already making moves.
According to REIV data, house and unit prices across the state rose for the second consecutive quarter in June.
While annual growth remains modest, the momentum shift is hard to ignore. Interest rate cuts, wage growth, and easing living costs are fuelling confidence, and both investors and homebuyers are tuning in.
Take Melbourne’s inner east, for example. Premium suburbs like Toorak, Glen Iris and South Yarra are leading the charge, with double-digit growth in house prices.
Yet, it’s not just about the blue-chip postcodes – outer suburbs like Frankston, Epping and Rockbank are showing strong price climbs, too, thanks to ongoing infrastructure projects and their relative affordability.
In regional Victoria, places like Mildura, Bendigo and Merbein are delivering serious upside potential. These areas offer solid growth without the city price tags, making them ideal for buyers who value lifestyle and long-term returns.
At Metropole, we’re seeing a noticeable uptick in investor enquiry, especially from interstate buyers looking for value and stability. The current shift in sentiment isn’t a sugar rush – it’s a sign of a market maturing, recalibrating, and ready for the next growth phase.
For those considering property as part of their financial future, now’s a great time to explore the opportunities across Victoria.
Whether you’re looking to invest or settle in, there’s a sense that the best time to act might be before the rest of the market catches up.
