Reflecting on the trends that defined Melbourne's 2024 property market

Join Jarrod, Jordan and Brenton as they reflect on the trends that shaped Melbourne’s property market in 2024 – and how they will influence the year ahead:

• Investor activity dropped to its lowest levels in years—what drove this decline?
• Melbourne’s affordability stood out – why are interstate buyers increasingly taking notice?
• Low vacancy rates and rising rents tightened the rental market – how did this affect supply and demand?
• Interest rates stabilised after a year of sharp increases – what impact did this have on buyer and seller behaviour?

CHAPTERS
0:00 Intro
1:20 The 2024 trend
3:30 Interest rates didn't move
4:17 Our enquiries reflected the broader market
5:11 Market mindset shifts from buyers to sellers
7:18 Will 2025 be the same as 2024?
10:05 Melbourne is now good value
12:31 When will investors return to Melbourne?
15:58 Build-to-rent Vs Build-to-sell
19:01 Older style apartments
20:40 What we saw in 2024
25:01 Wrap up

#property #propertyinvestment #melbourneproperty #buyersagent #propertymarket #buildtorent

We enjoy providing you with free insights into the Melbourne property market and property investment more broadly. Thank you for listening.

If you like what you hear, subscribe, like, rate or follow us and tell your friends and family.

@WakelinPropertyAdvisory Melbourne's most experienced buyers agent. Founded in 1995

Investing in property makes sense. Investing in the right property takes knowledge.

To learn more visit www.wakelin.com.au (https://www.wakelin.com.au) | Instagram (  / wakelinpropertyadvisory  ) | Facebook (  / wakelinpropertyadvisory  ) | LinkedIn (  / wakelin-property-advisory  ) | YouTube (   / @wakelinpropertyadvisory  ) | Email (mailto:[email protected])