M:
Research
Spring/25 Regional Victoria Residential
The Big Picture Regional Victoria counted 1.2% more people in the past year, although is currently growing at a slower pace than the long term forecast.
Residential property sales are on an upward trajectory despite average selling times are taking longer, while both new listings to market and overall total listings are tracking below a year ago.
The interest rate target has been lowered to 3.60% with the Reserve Bank of Australia anticipating a further reduction in next six months.
Property prices remain subdued, with a modest 1% price growth forecast for 2026.
Compared to a year ago, the construction of new residential homes in Victoria was up 5.9% and building approvals were 8.9% higher.
With not enough rental properties currently available, vacancy rates are falling and rents are likely to stay high over the coming year.