Market Update | July 2025

Victoria is seeing rising optimism as property prices increase for a second consecutive quarter.

New REIV data shows that in the three months to June 30, house prices across Melbourne edged up 0.4 percent, while unit prices rose 1.3 percent compared to the previous quarter. Regional Victoria outperformed again, with houses up 2.6 percent and units climbing 3.1 percent, reflecting strong demand for lifestyle locations and relative affordability.

In a surprise move, the Reserve Bank left interest rates unchanged at 3.85 percent in July, despite widespread expectations of another cut. The RBA cited global uncertainty and slightly higher-than-expected inflation, leaving many borrowers waiting for mortgage relief this winter.

This decision came as new data showed the economy growing faster than anticipated, driven by a rebound in population growth and resilient consumer spending, despite the cost-of-living pressures many households continue to face.

Auction volumes and clearance rates remain steady, with median days on market sitting at 46 days across Victoria. Rental markets remain tight, with low vacancy rates continuing to place upward pressure on rents.

Buyer enquiry remains consistent, with many using this stable period to plan ahead for spring. Weโ€™re seeing strong activity in the sub-$1.5 million market, with first-home buyers and upgraders remaining active where affordability aligns with borrowing capacity.

These results reflect continued confidence and steady market activity as we move into the second half of 2025.

If youโ€™d like to know what these market trends mean for your property plans, get in touch with your local Noel Jones team today.

Share:

More Posts

Why Renters Need Their Own Insurance

Why Renters Need Their Own Insurance Insurance for renters is typically designed to protect any belongings owned by the renter whilst they are residing in a rental property. However, it often extends to other benefits that are a crucial consideration. There is often a misconception, that loss and damages within a rental property become the ownerโ€™s responsibility, however this is

Top Tips For A Smooth Insurance Claim Process

Top Tips For A Smooth Insurance Claim Process Dealing with insurance claims can be a stressful experience, especially for owners facing potential income loss or unexpected repairs. Being prepared can make all the difference, so there are things you can do to feel in control and minimise the chaos. Keep detailed records A smooth claims process starts with solid documentation.

Contents V Building Cover

Contents V Building Cover Insurance is designed to suit the purpose & nature of your asset. When youโ€™re an investor itโ€™s important to understand your insurance needs will change once your property becomes a rental. Landlord insurance is designed specifically for rental properties to protect several areas of risk including – the rental income, the property itself and protection for

The Difference Between Loss Of Rent And Rent Default?

The Difference Between Loss of Rent And Rent Default? As a property owner, it’s important to understand the different types of coverage available to protect your investment. Two common terms that are often used in landlord insurance policies are Loss of Rent and Rent Default. While they may seem similar, they actually refer to very different scenarios. Understanding the distinction

Send Us A Message

Good Job!

Thanks for taking the time to let me know about your needs.

I look forward to helping you find your new home.โ€‹

Buyer Requirements

Thank you!

Iโ€™ll be in touch soon with information on the suburb youโ€™re buying in.

Find Out More