REIV Research analyses several market indicators from various sources including PropertyData, the ABS and the RBA.
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The RMX for Victoria fell by 4.9 per cent to 148.0 over the four weeks to 11th May 2025.
There were 2,279 reported auctions in April 2025 with 1,792 of these sold representing a clearance rate of 78.6 per cent.
It should be noted that the REIV continues to receive results several weeks after the date of auction which may lead to revisions in auction data.
The median number of days it takes to sell a residential property in different regions of Victoria, for private sales.
Private listings in Victoria took 44 days on market to sell in April 2025.
Victoria’s vacancy rate stayed at 2.4 per cent in April 2025.
According to the RBA, inflation has fallen substantially since its peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance. The central forecasts are for inflation to return to the target range of 2–3 per cent in 2025, and to the midpoint in 2026.
Following the Reserve Bank meeting in May 2025, the cash rate has been lowered by 25 basis points to 3.85 per cent.
The total number of building approvals in March 2025 saw a 31.6 per cent decrease compared to previous month in seasonally adjusted terms, with approximately 4,147 dwelling units approved.