Business Loans Australia :: News
SHARE

Share this news item!

Value Seekers Fuel Melbourne's Property Price Resurgence

Value Seekers Fuel Melbourne's Property Price Resurgence

Value Seekers Fuel Melbourne's Property Price Resurgence?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Melbourne's property market is experiencing a notable rebound in house prices, driven primarily by value-conscious buyers looking for more affordable options.
According to CoreLogic's latest house price report, Melbourne has emerged as the most affordable major capital city in Australia, with a median home price of $772,561 as of February 28, 2025.

This relative affordability follows a modest 8.2% increase in property values over the past five years, a stark contrast to the nationwide rise of 38.9%. Consequently, Melbourne’s house prices are more accessible when compared to other major capitals, marking the cheapest relative valuation since 2006, as per data mostly sourced from Domain's quarterly house price statistics.

Melbourne’s housing market attractiveness has intensified interest from interstate buyers, particularly those from Sydney seeking economical housing opportunities. Domain reports a significant migration of Sydneysiders relocating to Melbourne, drawn by the cost advantage. Currently, the median house price in Melbourne stands at $1,039,460 compared to Sydney's $1,645,444, with unit prices also notably lower at $577,405 versus $812,863 in Sydney.

Jacob Caine, President of the Real Estate Institute of Victoria, notes a growing trend of Sydney residents moving south, not just for economic reasons but also for Melbourne’s appealing amenities and lifestyle.

Emily Wallace, a buyers’ agent and founder of Wallace Advocates, emphasizes that Melbourne's affordability allows for purchasing quality properties within a convenient distance from the city center. She anticipates this trend will continue as more buyers recognize the potential for purchasing well-valued homes.

Reflecting this positive sentiment, CoreLogic's daily dwelling values index indicates that Melbourne has seen a strong resurgence in property prices. Over the past 28 days, dwelling values have increased by 0.6%, marking the highest growth rate since September 2023.

As affordability continues to draw attention, Melbourne's property market is increasingly becoming a magnet for value hunters eager to capitalise on its appealing economic and lifestyle propositions.

Published:Tuesday, 25th Mar 2025
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Rate this article

0 Comments

No comments yet. Be the first to share your thoughts.

Finance News

RBA's Third Rate Hike in 2026: Implications for Australian Businesses
RBA's Third Rate Hike in 2026: Implications for Australian Businesses
25 May 2026: Paige Estritori
The Reserve Bank of Australia (RBA) has raised the official cash rate by 0.25 percentage points to 4.35% on 5 May 2026, marking the third increase this year. This decision aims to address escalating inflationary pressures affecting the Australian economy. - read more
High-Risk SMEs Escalate Search for Financing Amid Stricter Lending Criteria
High-Risk SMEs Escalate Search for Financing Amid Stricter Lending Criteria
25 May 2026: Paige Estritori
Recent data indicates a notable trend among high-risk small businesses in Australia: an increase in 'credit shopping,' where these enterprises apply to multiple lenders in pursuit of financing. This behaviour has become more prevalent as overall business credit demand has softened, with a marginal decline of 0.4% in the first quarter of 2026. - read more
Westpac's Resilient Performance: A$3.4 Billion Profit in Challenging Economic Times
Westpac's Resilient Performance: A$3.4 Billion Profit in Challenging Economic Times
25 May 2026: Paige Estritori
Westpac Banking Corporation has reported a statutory net profit of A$3.4 billion for the half-year ending 31 March 2026. This performance underscores the bank's resilience amid a shifting economic landscape marked by rising interest rates and global uncertainties. - read more
MYOB and Mastercard Introduce Open Banking for Australian SMEs
MYOB and Mastercard Introduce Open Banking for Australian SMEs
17 May 2026: Paige Estritori
In a significant development for Australian small and medium-sized enterprises (SMEs), MYOB has partnered with Mastercard to roll out Open Banking capabilities. This initiative aims to provide SMEs with faster, safer, and more reliable bank connections, streamlining financial management processes. - read more
ScotPac Partners with UBS to Boost SME Funding Capacity
ScotPac Partners with UBS to Boost SME Funding Capacity
17 May 2026: Paige Estritori
ScotPac, Australia's largest non-bank business lender, has announced a new warehouse facility agreement with UBS AG Australia Branch. This strategic partnership aims to strengthen and diversify ScotPac's funding platform, enabling the provision of innovative financing solutions to small and medium-sized enterprises (SMEs) across the country. - read more
Federal Budget 2026: Tax Changes and Their Impact on SMEs
Federal Budget 2026: Tax Changes and Their Impact on SMEs
17 May 2026: Paige Estritori
The Australian Federal Budget for 2026 introduces several tax measures that will significantly impact small and medium-sized enterprises (SMEs). Business owners must understand these changes to effectively manage cash flow and make informed investment decisions. - read more
OnDeck Australia Enhances SME Financing with Increased Loan Limits
OnDeck Australia Enhances SME Financing with Increased Loan Limits
09 May 2026: Paige Estritori
In a significant move to support Australian small and medium-sized enterprises (SMEs), OnDeck Australia has announced an increase in the maximum limit for its Lightning Loans Plus product, now offering up to $300,000 in unsecured funding. This enhancement aims to provide SMEs with faster and more flexible financing options to meet their growth and operational needs. - read more


Business Loans Articles

Unlocking the Secrets to Flexible Business Financing in Australia
Unlocking the Secrets to Flexible Business Financing in Australia
For emerging businesses seeking to navigate the vibrant economic currents of Australia, grasping the startup lending landscape is essential. A myriad of financing options, each with its distinct advantages and caveats, awaits the ambitious entrepreneur. In this sea of possibilities, securing the right funding becomes more than a mere necessity—it represents a decisive factor in charting the course toward business success. - read more
Breaking Down Barriers: How to Overcome Delays in Business Loan Approvals
Breaking Down Barriers: How to Overcome Delays in Business Loan Approvals
Embarking on a business endeavor often requires substantial financial support, and securing a business loan can be a crucial step towards progress and expansion. A well-prepared loan application not only showcases your business in its best light but also significantly enhances the prospects of obtaining the needed funds. Attention to detail and a thorough understanding of the lending process can streamline your journey to approval. - read more
Drawing a Roadmap: Effective Planning for Business Loan Utilization in Australia
Drawing a Roadmap: Effective Planning for Business Loan Utilization in Australia
Effective planning is the backbone of any thriving business, and when it comes to leveraging financial products like business loans, this foresight becomes even more crucial. In the dynamic economic landscape of Australia, businesses are continually walking a tightrope, balancing investment, growth, and financial stability. The importance of prudent and strategic planning for business loan utilization cannot be overstated; it can mean the difference between a flourishing enterprise and one that struggles to keep its head above water. - read more
The Role of Refinancing in Sustaining Business Growth
The Role of Refinancing in Sustaining Business Growth
Loan refinancing is a financial strategy where existing debts are replaced with new ones, usually with different terms and conditions. While it might seem like just swapping one loan for another, the nuances can be game-changers for businesses. Refinancing often provides a chance to improve borrowing conditions, such as reducing interest rates, altering loan durations, or switching to a more favourable lender. - read more
Customized Leasing Solutions: Finding the Right Terms for Your Business Needs
Customized Leasing Solutions: Finding the Right Terms for Your Business Needs
Equipment leasing presents a strategic financial opportunity for Australian businesses seeking to maximize operational efficiency without the hefty price tag of purchasing. As many companies strive to stay competitive and agile in a bustling economic landscape, the importance of flexible asset acquisition cannot be understated. - read more
Common Mistakes to Avoid When Evaluating Your Refinancing Options
Common Mistakes to Avoid When Evaluating Your Refinancing Options
Refinancing can be a powerful tool for small and medium enterprises (SMEs) in Australia. It offers an opportunity to restructure debt, potentially secure better interest rates, and the possibilities of improved cash flow - all critical elements for maintaining and growing a business. Given the dynamic nature of financial markets, refinancing can provide businesses with a strategic advantage to manage their finances more effectively. - read more
A Growth Blueprint: Crafting a Financial Plan for Expanding Enterprises
A Growth Blueprint: Crafting a Financial Plan for Expanding Enterprises
Financial planning plays a crucial role when businesses are poised for growth. As enterprises expand, a well-crafted financial plan acts as a guiding framework to navigate the complexities that come with scaling operations. This plan helps in ensuring that resources are meticulously allocated and potential financial hurdles are effectively managed. - read more


Need Help Finding a Loan?
Loan Amount:
Postcode:

All quotes are provided obligation-free by a participating broker from our national referral partner network. We respect your Privacy.

All finance quotes are provided free (via our secure server) and without obligation.
We respect your privacy.

Knowledgebase
Dividend:
A distribution of a portion of a company's earnings to its shareholders, usually in the form of cash or additional stock.