The June quarter statistics showed property prices softening in most Australian capital cities including Melbourne, where median house prices dropped to $920,000 according to CoreLogic’s June 2026 Hedonic Home Value Index. This isn’t unusual for winter, and it’s coupled no doubt with reduced buyer activity due to interest rate uncertainty and economic conditions.
But while the June quarter saw slight price drops in Australia’s capital cities, on a positive note the 12 month statistics to the year ending June 2026 showed regional Victoria and some outer suburbs of Melbourne experienced strong annual growth.
Perhaps due to Melburnians being priced out of the inner city property market and opting to relocate or commute for a lesser mortgage, property prices across regional Victoria rose 8.3% to a median value of $650,000 to the financial year end, while median unit prices rose 9.0% to $458,000.
Whether you’re looking close to Melbourne or regionally, the market is certainly favouring buyers as city prices fall and regional prices, while rising, remain very favourable in contrast.
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.
To book a free 20-minute consultation, simply click here and choose a time convenient to you.
By Wendy Chamberlain
Copyright 2026 | All Rights Reserved