Melbourne Market Update — October 2025
Summary: Melbourne’s property market showed steady growth through October 2025, supported by increased listings and stable demand despite higher borrowing costs. The RBA’s pause at 3.60% has kept buyer confidence cautiously positive.
- Location: Melbourne, VIC
- Period: October 2025
- Audience: Buyers & Investors
Key Stats (at a glance)
| Metric | Value | Period | Source |
|---|---|---|---|
| Home values (m/m) | +0.3% | Oct 2025 | CoreLogic HVI |
| Median dwelling value | $790,000 | Oct 2025 | CoreLogic |
| Vacancy rate | 1.4% | Sep 2025 | SQM Research |
| RBA cash rate | 3.60% | Oct 2025 | RBA |
Market overview
After soft results earlier in 2025, Melbourne recorded its third straight monthly rise in October. Detached homes in inner-east suburbs such as Hawthorn and Camberwell saw stronger activity, while units in Docklands remained subdued.
For buyers
- Increased listings improve choice, but competition remains high under $900k.
- Look for properties that have stayed over 30 days on market for better negotiation leverage.
For investors
- Gross yields around 3.8–4.2% remain below Brisbane and Perth, but rising rents could narrow the gap.
- Inner-west and northern corridors show strong rental demand from students and new migrants.
Sources
- CoreLogic Hedonic Home Value Index – October 2025
- SQM Research – Vacancy Rate September 2025
- RBA Monetary Policy Decision – October 2025
Slug: melbourne-market-update-oct-2025 — Category: Property Market