Why Everyone’s Watching Melbourne Right Now, Post-Election Market Update

Melbourne’s property market has just entered a critical window and savvy buyers, sellers, and developers are paying attention.

Following a disrupted April full of long weekends, Anzac Day, Easter, and the state election, listings are finally starting to build. Campaigns that were on hold are hitting the market all at once and what happens next could define the entire 2025 cycle.

In this fast-paced Property Tank episode, Peter Kelly breaks down exactly why Melbourne is in the spotlight right now. From increasing stock levels and buyer hesitation to the looming possibility of another interest rate cut, the pressure is on and momentum is building.

We look at how May has cleared the runway for new property listings and campaigns, what the Reserve Bank’s next move could mean for buyer confidence, and why now could be the moment that tips Melbourne into a full-blown surge.

Whether you’re a first-home buyer, investor, developer, or just watching from the sidelines, this episode is essential viewing.

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What’s Inside

  • Here’s What’s Inside:
  • April’s disruptions — why the market paused
  • The May reset — why it matters
  • A wave of new listings hitting now
  • Is buyer demand strong enough to absorb it?
  • Will the next RBA cut trigger a buying rush?
  • What this means for investors re-entering Victoria
  • Peter’s take: wait and see, or act now?

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Hit play. This isn’t one you want to miss.