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Value Seekers Fuel Melbourne's Property Price Resurgence

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Melbourne's property market is experiencing a notable rebound in house prices, driven primarily by value-conscious buyers looking for more affordable options.

According to CoreLogic's latest house price report, Melbourne has emerged as the most affordable major capital city in Australia, with a median home price of $772,561 as of February 28, 2025.

This relative affordability follows a modest 8.2% increase in property values over the past five years, a stark contrast to the nationwide rise of 38.9%. Consequently, Melbourne’s house prices are more accessible when compared to other major capitals, marking the cheapest relative valuation since 2006, as per data mostly sourced from Domain's quarterly house price statistics.

Melbourne’s housing market attractiveness has intensified interest from interstate buyers, particularly those from Sydney seeking economical housing opportunities. Domain reports a significant migration of Sydneysiders relocating to Melbourne, drawn by the cost advantage. Currently, the median house price in Melbourne stands at $1,039,460 compared to Sydney's $1,645,444, with unit prices also notably lower at $577,405 versus $812,863 in Sydney.

Jacob Caine, President of the Real Estate Institute of Victoria, notes a growing trend of Sydney residents moving south, not just for economic reasons but also for Melbourne’s appealing amenities and lifestyle.

Emily Wallace, a buyers’ agent and founder of Wallace Advocates, emphasizes that Melbourne's affordability allows for purchasing quality properties within a convenient distance from the city center. She anticipates this trend will continue as more buyers recognize the potential for purchasing well-valued homes.

Reflecting this positive sentiment, CoreLogic's daily dwelling values index indicates that Melbourne has seen a strong resurgence in property prices. Over the past 28 days, dwelling values have increased by 0.6%, marking the highest growth rate since September 2023.

As affordability continues to draw attention, Melbourne's property market is increasingly becoming a magnet for value hunters eager to capitalise on its appealing economic and lifestyle propositions.

Published:Tuesday, 25th Mar 2025
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

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Zone RV's Financial Collapse Exposes $40 Million Debt

12 Jan 2026: Paige Estritori

The recent collapse of luxury caravan manufacturer Zone RV has sent shockwaves through the Australian caravan industry. Based in Coolum on Queensland's Sunshine Coast, the company entered voluntary administration, revealing debts amounting to approximately $40 million. This development has left around 240 employees unemployed and approximately 180 customers uncertain about the status of their purchases. - read more

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12 Jan 2026: Paige Estritori

The Australian caravan manufacturing industry is currently facing a series of company collapses, raising concerns about the sector's stability and future. The recent voluntary administration of Zone RV, a luxury caravan manufacturer based in Coolum, Queensland, is the latest in a string of closures that have left customers and employees in uncertain positions. - read more

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04 Jan 2026: Paige Estritori

The recent collapse of luxury caravan manufacturer Zone RV has sent shockwaves through the Australian caravan industry. The company, based in Coolum on Queensland's Sunshine Coast, has entered voluntary administration, revealing debts amounting to approximately $40 million. This development has left around 240 employees unemployed and approximately 180 customers uncertain about the status of their purchases. - read more

Housing Shortage in WA's South West Strains Caravan Parks

27 Dec 2025: Paige Estritori

Caravan parks in Western Australia's South West are grappling with the effects of a severe housing shortage, as an increasing number of individuals and families turn to these facilities for long-term accommodation. This shift is placing significant pressure on park owners, who traditionally cater to tourists and short-term visitors. - read more

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19 Dec 2025: Paige Estritori

The Australian caravan industry has recently faced significant upheaval with the voluntary administration of Zone RV, a prominent luxury off-road caravan manufacturer based on Queensland's Sunshine Coast. This development has left approximately 250 employees and numerous customers in a state of uncertainty, particularly as the holiday season approaches. - read more

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