During August we dived into a few of the Real Estate Institute of Victoria’s statistical reports that shine a light on how Melbourne’s property market is performing, and indicate where it might be heading.
We took a look at the residential market index (RMX) which tracks property price movements, the auction clearance rates and median days on market (DOM) which reflect buyer demand, and the transaction numbers which record the number of property sales.
As we check out the early spring statistics, we can see positive signs of recovery for Melbourne’s property market.
RMX
July 151.9
August 153.5
September 158.6 (+2.7%)
Auction Clearance Rates
July 79.5%
August 81.6%
September 81.0% (-0.6%)
Median DOM
July 45
August 44
September 41
Transactions
July 10,935
August 11,511
September 12,718 (+1,207)
The REIV Insights Report also indicates property vacancy rates have remained consistently low over the past six months at about 2.3%.
Nationally, Victoria recorded the strongest first home buyer activity in the country to June 2025 with 10,188 Victorian home buyers entering the market for the first time. As the changes to the federal first home buyer scheme take effect this week, we are sure to see further upswings in these key statistics as more of Melbourne’s first home buyers take advantage of improved lending conditions.
Chat to us about how a property advocate can help you sell or buy in the current market with confidence. Investment buyers can receive invaluable support and guidance through our Buyers Advocacy Service, and for landlords who are selling, our Vendor Advocacy Service helps vendors achieve outstanding results.
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