If the first weeks of 2025 are anything to go by, it’s shaping up to be a big year for real estate. Open-for-inspection numbers have been strong - stronger than the same time last year - which tells us one thing: buyers are back.
Property InsightsA Confident Start for 2025 Real Estate
Next ArticleA Confident Start for 2025 Real Estate
Author John Bongiorno
13 February 2025
There is a real sense of optimism in the air. The prospect of lower interest rates - whether they come in February or later - combined with the feeling that the uncertainty of previous years is behind us, has led to renewed confidence. Buyers are engaging with the market in a way we didn’t see early last year, and this positive sentiment has exceeded my early expectations.
A Record-Breaking Start
January is typically a quieter month, but not this year. In fact, we experienced record-breaking sales right from the start. One of our standout results was a sale in Mount Eliza - over $7 million - which clearly indicates that high-end buyers are very much active.
At the very top end of the market was the recent sale of the “Coonac” estate in Toorak by a competitor agency. This record-breaking result set a new benchmark for the Victorian prestige market, which bodes well for the high-end sector across the board.
What This Means for 2025
Right now, the market is showing strong momentum. More buyers at inspections, increased enquiries, and solid sales activity across all price brackets all point to a confident start to the year. If interest rates do drop in the coming months, we are likely to see even more activity.
If you have been wondering whether now is the right time to buy or sell, this could be your moment. The early signs suggest that 2025 is already shaping up to be a year of opportunity in the Melbourne and Mornington Peninsula property markets.
For tailored market insights or assistance with your property needs, reach out to Marshall White today
*Image source: Project Mattone
