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Research
Winter/25 Regional Victoria Residential
The Big Picture Recent interest rate cuts designed to boost economic activity have prompted banks to adjust mortgage lending rates lower. Although additional state taxes have kept sentiment at bay, many are waiting for further interest rate cuts to be announced. Regional Victoria’s property market has experienced higher residential sales following increased new listings but has also pushed out the time taken to sell on market.
Price growth continues to be in a holding pattern across most of Regional Victoria, as buyers have the upper hand. Although this growth will likely modestly improve over the coming two years. An undersupplied rental market with sustained low vacancy continues to impact household budgets as rents remain elevated and are forecast to experience further solid upward growth.