Melbourne Spring Property Report 2025: Interstate Investors Lead the Way

For the first time in Jarrod’s career, Melbourne’s property investment market is being led by interstate buyers – a shift revealed in Wakelin’s 2025 Spring Property Report that could influence the city’s next growth cycle. 

 

With interstate enquiries climbing to 57% from 17% in 2022 and local interest falling to 39%, the trend signals building momentum and new opportunities – but what will it mean for the recovery ahead?

 

In the Spring Property Report, Jarrod explores the findings and their implications. 

• Early drivers of Melbourne’s recovery: Interstate buyers now make up 57% of all enquiries, while Victoria’s has fallen to 39%.
• Why out-of-state investors see opportunity: Many have enjoyed 68–76% price growth in their home markets since the pandemic, and are now shifting capital into Melbourne, where prices have lagged and upside potential is high
• ‘Interstater’ trade-offs: Victoria's land taxes viewed as a cost worth absorbing for long-term capital gains
• Auction trends: Clearance rates reaching 74.8% in July 2025 with solid volumes, indicating growing buyer confidence
• Spring outlook: Interest rate cuts, strong buyer preparation, and early interstate positioning creating favourable conditions for strategic purchases before the market tightens further

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