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

We enjoy providing you with free insights into the Melbourne property market and property investment more broadly. Thank you for listening.

If you like what you hear, subscribe, like, rate or follow us and tell your friends and family.

Investing in property makes sense. Investing in the right property takes knowledge.

To learn more visit www.wakelin.com.au | Instagram | Facebook | LinkedIn | YouTube | Email