Sales update

Spring wrapped with solid results and competitive campaigns, with activity holding strong for first-home buyers and seasoned investors alike.

What’s happening now?

Spring was a season of two halves. In the sub-$1.5 million market, things moved fast, driven by strong buyer demand and the impact of first-home buyer incentives. Properties were selling through pre-auction deals and bold offers, particularly in October and November.

In contrast, higher-end properties experienced a slight pullback, with new stock often competing with unsold listings from previous weeks. Still, those priced right found serious interest and moved accordingly.

The standout performers? Single-level villas, especially when one of two on the block, and anything turnkey in locations like Caulfield South. Apartments with courtyards, semi-detached homes and period properties with charm continued to draw strong interest too.

Melbourne’s affordability also brought interstate and out-of-area buyers back into the fold. From Sydney to Brisbane, investors saw opportunity in multi-income properties and rising rental yields, reinforcing renewed confidence in Melbourne’s long-term value.

What were the quarter’s standout sales?

Elwood made waves with two standout block sales – including a tightly held block at 1-6/40 Southey Street and another at 1–12/12 May Street. Both generated exceptional interest and results.

In Balaclava, a one-bedroom apartment at 1/19 Gourlay Street attracted six serious buyers. Carnegie saw strong bidding for 44a Coorigil Road, which sold well above its guide. And a twilight auction at 205/9 Belsize Avenue drew three bidders and sold for $760,000.

Other notable results included 1/54 Tucker Road in Bentleigh, which soared past reserve to reach $1.335 million – and a twilight auction at 1 Foch Street, Ormond, where a premium family home secured over $3.1 million.

 

 

Where to from here?

The start of 2026 is already showing promise. A wave of listings is expected to hit the market through February, with many buyers returning from holidays ready to act. While April may be quieter due to public holidays, the outlook remains positive overall.

Stable or falling interest rates could spark renewed energy – particularly as buyer intent remains high and vendor confidence grows. With well-priced properties and strong campaign strategies, early 2026 is shaping up to continue spring’s strong momentum.

Property Management update

With regulation changes underway and demand staying steady, the final quarter of 2025 was all about being proactive.

What are the rental providers doing?

Rental providers spent the backend of 2025 preparing for change. The 1 December introduction of new minimum standards – like blind cord anchoring – highlighted the growing complexity of compliance. And it caught some off guard.

It’s now clear that routine safety checks don’t cover minimum standards – and assuming otherwise can lead to missed opportunities and avoidable delays.

The savviest rental providers are taking a strategic approach: addressing compliance early, working with experts to resolve tricky requirements like structural or ventilation issues, and planning upgrades in line with the further changes forecast between now and 2027.

What are the renters doing?

Today’s renters are informed, organised and focused on value. They’re arriving at inspections with clear checklists – asking detailed questions about liveability features like cooling, internet and energy efficiency.

While the market paused slightly over the holidays, leasing activity remained steady at the higher end. Families looking to secure three- and four-bedroom homes in key school zones were especially active, ensuring they were settled before the new year.

Where to from here?

With compliance changes accelerating and renter expectations rising, 2026 is shaping up to be a year where preparation pays off.

Early signs are already strong. January has seen fast leasing, steady enquiry and properties turning over quickly. Our advice to rental providers? Act early, stay flexible and invest in quality management to thrive in this next chapter.

New Projects update

The end of the year saw savvy downsizers and investors locking in lifestyle-led purchases – especially where timing, design and location aligned.

The big picture

Last quarter marked a welcome shift in pace. Rather than rushing, buyers made informed, confident decisions – waiting patiently for the right opportunity. With several high-end townhouses and apartments reaching completion, the window to inspect and act finally opened.

Sales activity was steady and deliberate, particularly among buyers focused on long-term lifestyle upgrades with no compromise on quality or convenience.

Our project spotlight

In Elsternwick, Seymour & Blanche continued to stand out. With only 19 architect-designed townhouses and walkable access to parks, cafés and transport, it’s hit the sweet spot for downsizers seeking a premium address. Early walk-throughs have begun, and completion is on track for March.

Meanwhile, in Caulfield South, Vertu is almost ready. This boutique collection of seven homes offers private lifts, EV-ready garages, solar compatibility and north-facing living – all wrapped in timeless finishes and thoughtful design. Inspection opportunities will open in the coming weeks, with settlement not far behind.

 

Onwards and upwards

Looking ahead, Céline is set to launch in February – bringing boutique energy to St Kilda East – while Olive Green approaches top-out and a September finish. The Parker has moved into the demolition phase, and several exciting new projects are in the pipeline, including innovative offerings for first-home buyers.

With momentum growing and design standards rising, 2026 is shaping up to be a banner year for off-the-plan homes across Melbourne.

 

 

Thinking of selling your home? Looking for someone to manage your investment property? Curious about current and upcoming  developments? At Gary Peer & Associates, we’ve got all your bases covered.