We are pleased to report steady and consistent performance across the prestige Melbourne property market as we progressed through March. Our teams continue to deliver strong outcomes for our clients, with healthy transaction volumes recorded over recent months. This consistency speaks to the trust our clients place in us and our commitment to every campaign.
Broader market challenges persist, with factors such as increased property taxes and a growing supply impacting investor sentiment in some areas. However, the Melbourne market continues to show resilience. We are encouraged by the steady buyer demand, particularly across the city’s inner suburbs, which confirms the ongoing appeal of quality property in key locations.
Melbourne’s auction clearance rate remains solid, tracking above 70%, which reinforces the level of competition we’re witnessing week-on-week. We are also seeing a notable number of underbidders eager to secure their next opportunity, which bodes well for the months ahead as we move further into the busy autumn selling season.
At Marshall White, we remain focused on helping our clients navigate these evolving market conditions while delivering standout results. Our success is a testament to the hard work, expertise, and professionalism of our entire team. I am proud of the collaborative energy we bring to serve our clients and look forward to building on this momentum in the months ahead.
