Melbourne buyers surge back to property market as fear of missing out grows | Oliver Hume

Melbourne's property market is seeing a resurgence in competition and buyer confidence after years of uncertainty. Following interest rate shocks and the land tax debate, buyers who had waited on the sidelines are now finding that the market is moving faster than expected. New data from Oliver Hume shows that Melbourne's land prices rose 2.1% in the September quarter, making it well-positioned for growth in 2026. Sentiment has shifted, with buyers realising that previous concerns over taxes and interest rates were overblown. As competition picks up in traditional investment hotspots, some areas like Frankston have seen price jumps of up to $200,000 in just a year. Experts warn that buyers who delayed decisions are now facing a rapidly changing market, and those still waiting risk being outpaced by rising prices.

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