Victorian Property Market Wrap: July 2023 Auction Results and Buyer Sentiment
July 2023 kept Melbourne’s auction market above the softer conditions seen a year earlier, with buyers still competing for quality homes despite rate sensitivity.
July 2023 kept Melbourne’s auction market above the softer conditions seen a year earlier, with buyers still competing for quality homes despite rate sensitivity.
Rental yield is useful, but Victorian investors should read it alongside costs, vacancy risk, property condition and long-term tenant appeal.
Before making an offer in Victoria, buyers should understand the contract, the property condition, their finance position and the comparable sales evidence.
Winter can be a practical time to sell in Victoria when the home feels warm, well maintained and easy for buyers to inspect.
Melbourne’s June auction market showed winter did not remove buyer competition, with clearance rates remaining stronger than the same period in 2022 despite lower listing volumes.