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The Reserve Bank of Australia (RBA) has cut the official cash rate again, bringing it down to 3.85% as of 20 May 2025. This marks the second rate cut of the year, signaling a shift in monetary policy and offering both opportunities and caution for property buyers, investors, and homeowners. Inflation is easing : The latest Consumer Price Index (CPI) shows inflation has dropped below 3% — the lowest in over three years ( The Guardian ). Why the RBA Cut Rates In its May board meeting, the RBA cited several reasons for the 0.25 percentage point reduction: Inflation is easing : The latest Consumer Price Index (CPI) shows inflation has dropped below 3% — the lowest in over three years ( The Guardian ). Labor market remains strong : Australia added nearly 89,000 new jobs in April, reflecting economic resilience ( News.com.au ). Global conditions stabilizing : With global economic pressures easing, the RBA sees less need for restrictive monetary policy. Buyers have more power : With borrowing costs reduced, more buyers can enter the market or upgrade to higher-value properties. What This Means for Mortgage Holders For many homeowners, this rate cut brings immediate relief. A borrower with a $750,000 loan, for example, may see their monthly repayments reduced by around $114 . Over a year, that’s more than $1,300 in savings  ( The Guardian ). Property Market Implications Lower interest rates increase borrowing capacity, which can influence property demand in several ways: Buyers have more power : With borrowing costs reduced, more buyers can enter the market or upgrade to higher-value properties. Increased competition : Particularly in Melbourne’s already tight inner-city market, more active buyers could drive further price competition — especially in sought-after suburbs and off-the-plan projects. Investors may return : Investors sidelined by high borrowing costs in 2023–2024 may re-enter the market, further intensifying competition for well-located units and townhouses. Media Release – At its meeting today, the Board decided to lower the cash rate target by 25 basis points to 3.85 per cent. Should You Act Now? With the off-the-plan stamp duty concession extended until October 2026 and now paired with lower interest rates, 2025 presents a compelling opportunity to secure a quality asset at a reduced entry cost. At Core Elite Real Estate , we’ve already seen increased interest across our Melbourne project listings, particularly from investors and first-home buyers ready to capitalise on this changing rate environment. 买房卖房！欢迎联系我们！ Economists anticipate that further rate cuts may occur later in 2025 , potentially bringing the cash rate down to 3.35% by year-end , depending on inflation and employment trends ( News.com.au ). The next RBA policy decision is due on July 8, 2025 , and the market will be watching closely. References Reserve Bank of Australia – Official Rate Decisions The Guardian – May 2025 Rate Cut Coverage News.com.au – Analysis of RBA Decision Loan Market – RBA Calendar Disclaimer This article is intended for informational purposes only and does not constitute financial, legal, or investment advice. Core Elite Real Estate recommends readers seek independent professional advice before making any financial decisions. While all care has been taken to ensure the accuracy of the information, no responsibility is accepted for any loss arising from reliance on this article.

The Victorian property market – especially Melbourne – is rapidly emerging as a prime opportunity for investors  seeking long-term capital growth, affordability, and high rental yields . In 2025, a convergence of economic tailwinds, infrastructure projects, and policy incentives has positioned Victoria as a standout real estate investment destination. Investors are eyeing this market for its resilience and future upside. Melbourne’s vibrant CBD continues to lead the way in 2025 as the engine of population growth and economic strength. Key factors behind this trend include: Booming population growth and economy:  Melbourne’s population is surging (projected to reach ~6.4 million by 2035 ), fueling housing demand amid a diversified economic base . Major infrastructure upgrades:  Massive transport projects (road and rail) across Victoria are improving connectivity and opening new growth corridors  . Policy incentives:  Government measures like stamp duty concessions  and anticipated interest rate cuts  are lowering entry costs and boosting buyer confidence  . High-demand growth suburbs:  Emerging suburbs on Melbourne’s fringe (e.g. Sunbury, Beveridge, Werribee) are seeing heightened buyer interest, price growth, and development activity  . Relative affordability:  Melbourne offers lower entry prices  than most other capitals (median ~$779,000 ), making it attractively priced relative to Sydney and others  . Below, we delve into each of these factors in detail and explain why 2025 is shaping up to be a favorable year for property investors in Victoria. Economic and Population Growth Driving Demand Victoria’s robust population growth  and economic recovery are fundamental to its property market strength. Melbourne is Australia’s fastest-growing capital city in population terms, now forecasted to reach about 6.4 million residents by 2035 , growing at ~1.5% annually . This sustained population influx  – bolstered by revived overseas migration and students returning post-pandemic – is driving housing demand  across the city and regional hubs. In growth areas like Beveridge (north of Melbourne), the population is anticipated to surge 16.2% over the next decade , topping 45,000 residents by 2034 . Such demographic trends underpin consistent buyer demand and rising property values  , as new households form and seek housing. Economically, Victoria’s diversified economy  and thriving job market provide a solid foundation for property investment. The state benefits from industries ranging from finance and tech to education and health, which helped Melbourne remain a top long-term investment city  . Real estate experts note that “Melbourne’s dynamic, vibrant economy – combined with one of the strongest population and GDP growth projections of any global city – is a huge driver of demand” , supporting optimism among investors . With unemployment low and migration surging  (after the pandemic lull), vacancy rates are near historic lows  in Melbourne’s rental market  – a clear sign that housing supply is struggling to keep up with demand. This tight rental market means investors can enjoy high tenant demand and reliable rental yields in many areas. In short, more people + more jobs = more housing needed . Population and economic growth are expanding the base of renters and buyers, creating a fertile ground for property value growth  over the coming years. Off-the-plan apartments and townhouses like these are drawing investor interest thanks to major stamp duty concessions extended through 2026. Infrastructure and Development Updates in Victoria Adding to the appeal, Victoria is in the midst of an infrastructure boom . The state government’s Big Build  program is delivering over $100 billion in transport projects   – an unprecedented construction wave that is reshaping connectivity across Melbourne and regional Victoria. Major initiatives include the new Metro Tunnel (with five new underground stations), the West Gate Tunnel freeway link, the North East Link motorway, removal of 110 level crossings, and the Melbourne Airport Rail link . Additionally, the ambitious Suburban Rail Loop has broken ground, aiming to connect outer suburbs by rail for the first time . These projects upgrade transport links, cut travel times, and open up new residential corridors , which in turn boosts the desirability and land values of areas benefiting from improved accessibility. Importantly for investors, many growth suburbs are directly tied to these upgrades . For example, Beveridge  in the north is slated for a future train station, improving its connectivity to Melbourne’s CBD . Sunbury , a north-west fringe suburb, is undergoing rail line and road upgrades as part of network improvements . Such enhancements are already spurring development : master-planned estates like Allam’s Alkyra in Beveridge and St Ronans in Sunbury are attracting buyers ahead of infrastructure delivery . Upcoming train stations, highways, and town centers signal strong future growth , as new residents flock to areas where commuting is becoming easier. The Victorian government is also actively encouraging housing development  alongside infrastructure. In the latest state budget, for instance, $24 million was allocated to plan 50 new “train and tram zone” activity centers – nodes for higher-density housing around major transport routes . Another $12.1 million will jumpstart planning for 13,200 new homes  in outer suburban precincts (such as Clyde South in the south-east and Derrimut Fields in the west) . This alignment of transport and housing planning promises new supply in well-connected areas , creating opportunities for investors to buy into emerging communities with modern amenities. All told, infrastructure investment acts as a catalyst : it creates jobs in the short term and adds long-term value to surrounding real estate. Investors who get in early in suburbs set to benefit from new train stations, highways or schools can ride the wave of capital growth that often follows. As one industry expert put it, “The combination of affordability and projected infrastructure projects makes (areas like) Beveridge a strategic investment location”  . Improved roads and rail not only make life easier for residents, but also expand the city’s footprint , ensuring Melbourne’s growth is not constrained by transport bottlenecks. This is unlocking new investment frontiers across Victoria. Suburbs like Sunbury and Beveridge are heating up in 2025, driven by population growth, affordability, and upcoming infrastructure. Policy Incentives: Stamp Duty Relief and Easing Rates Investors in 2025 are also buoyed by supportive policy settings  that make entering the Victorian market more attractive. A headline incentive is stamp duty concessions  introduced by the state government. Since late 2024, Victoria has slashed stamp duty for off-the-plan purchases  – and recently extended this relief for another 12 months, through October 2026 . Under this temporary concession, anyone who buys an eligible new apartment, townhouse or unit before the deadline pays dramatically reduced (often zero) stamp duty , as 100% of unfinished construction costs are deducted from the dutiable value . By removing price caps and investor restrictions, the scheme is open to all buyers, including investors , and has delivered average savings around $24,500 per purchaser  so far . The Premier has framed it as both a housing affordability measure and a stimulus for construction, noting “we’re slashing stamp duty for off-the-plan units and townhouses – to build more homes and make them cheaper to buy”  . For property investors, this is a golden opportunity to secure a new build with significantly lower upfront costs , boosting potential returns. Beyond state incentives, the interest rate environment  is turning favorable after a period of tightened monetary policy. The Reserve Bank of Australia’s rate hikes in 2022–2023 cooled the market, but by 2025 the cycle has shifted. Interest rates have stabilized and begun to ease , providing relief to borrowers. In fact, analysts at KPMG expect that interest rate cuts will commence by mid-2025 , which should stimulate buyer activity and borrowing capacity in the second half of the year . Already, we’ve seen a pivot: one rate cut in early 2025 helped spark renewed sales momentum in Melbourne’s housing market . Prospective investors are regaining confidence  as financing becomes a bit cheaper and more accessible, with many anticipating further rate reductions to come . Lower interest rates directly improve investors’ cash flow  (through lower mortgage payments) and can increase borrowing power , enabling investors to expand portfolios. Coupled with the tax advantages  property investment already enjoys (like negative gearing and depreciation benefits), this easing monetary climate adds yet another incentive to dive into the market in 2025. The bottom line: policy winds are blowing in favor of investors , from state tax breaks to national monetary policy shifts, reducing the cost of buying and holding property in Victoria. Victoria’s temporary stamp duty concession in 2025 makes off-the-plan investing more affordable than ever. Suburb Trends: High-Demand Areas and Capital Growth Hotspots Not all parts of Victoria are equal – but right now many key suburbs are heating up , offering particularly strong prospects for capital growth and rental returns. Investors are focusing on growth corridors  at Melbourne’s fringe and select inner-city pockets where demand is outstripping supply: Northern Growth Corridor:   Beveridge  – a once-rural township north of Melbourne – is emerging as a hotspot. It recorded a modest +0.9% rise in median house prices over the past 12 months  and saw over 1,200 potential buyers  viewing listings in a single month . With thousands of new homes planned (e.g. in the Alkyra estate) and a population boom underway, Beveridge is on the radar for its affordable entry prices and strong upside . As Allam Homes’ sales manager Adam Wellington observes, investor interest has surged in such high-growth areas, and new infrastructure is cementing “Beveridge (as) a strategic investment location”  . North-West Suburbs:   Sunbury  – a historic town now effectively an outer Melbourne suburb – has been singled out as Australia’s top suburb for price growth potential in 2025 , according to Hotspotting’s Price Predictor Index . House sales in Sunbury have spiked (from ~140 to 250 per quarter over 2023–24 ), signalling burgeoning demand. Over the past year, Sunbury’s median house price inched up 0.8%  despite broader market softness, and 5,692 buyers  showed serious interest in the area . Local agents report that “sales have surged again since the interest rate cut”  and expect upcoming rate reductions to drive even more activity . With a new rail tunnel soon improving Sunbury’s train service and plenty of amenities, this suburb exemplifies the “upgrader magnet”  – families and renters migrating outwards in search of space and value, which in turn pushes prices higher. Western Corridor:  Suburbs like Werribee, Caroline Springs, Hoppers Crossing,  and Deer Park  in Melbourne’s west are also tipped for “supercharged” growth  . These areas – traditionally more affordable “battler burbs” – have seen a renaissance as infrastructure (freeway upgrades, rail extensions) connects them better to the city. Werribee, for instance, offers median house prices in the low $600,000s and made Hotspotting’s list of top prospects  . As buyer demand spills over from pricier inner regions, well-established suburbs with larger blocks and improving transport (like those in Wyndham and Melton regions) are attracting both investors and first-home buyers seeking value. Inner-City and Middle-Ring:  It’s not just the outskirts – selected inner areas are rebounding too. Apartments in inner-city locales  such as Docklands, Richmond, Hawthorn East, and St Kilda  are forecast for “supercharged” price gains  in 2025 . These markets suffered during the pandemic (with investors shunning high-rise units), but conditions have shifted. International students and young professionals are returning , filling up rental apartments; vacancy rates in these suburbs have dropped sharply. With limited new apartment supply  coming online (construction is still subdued post-COVID), even units in historically oversupplied areas are now set for growth as demand catches up . Terry Ryder notes that some long-flat unit markets like Docklands are likely to rise due to a mix of affordability and buyers seeking convenient, low-maintenance city lifestyles . Meanwhile, family-friendly middle-ring suburbs  (think Glen Waverley, Reservoir, etc.) continue to see solid competition due to good schools and amenities – these blue-chip areas have enduring appeal for both renters and owner-occupiers, supporting steady capital gains. Across Victoria, one common theme is strong buyer demand meeting limited housing supply . Many suburbs now have far more interested buyers than properties for sale, creating upward pressure on prices. The PropTrack data  from early 2025 showed dozens of Melbourne suburbs with buyer demand at multi-year highs despite only slight recent price growth – a classic indicator that price rises may soon follow. In fact, Terry Ryder’s analysis found 63% of Melbourne suburbs are now on an upward trajectory , calling it “the beginning of a strong upward trend”  after a long period of flatness  . He highlights that Melbourne is “very attractively priced” relative to other cities  now, and expects “in a year’s time, we should see Melbourne doing much better than recent years”  . For investors, targeting the right suburb is key: those with new infrastructure, population growth, and tight supply  are poised to deliver the best returns. Fortunately, Victoria has a rich spread of such opportunities in 2025 – from new estates on the fringe to rejuvenated urban pockets – making it an exciting hunting ground for the savvy investor. From new townhouses to heritage-style homes, Victoria offers diverse opportunities to suit every investor’s portfolio. Melbourne vs Other Major Cities: How Victoria Stacks Up When comparing Australia’s big property markets, Melbourne stands out for its combination of scale, affordability, and growth potential . Despite being the second-largest city, Melbourne’s housing is more affordable than most other capitals . As of early 2025, Melbourne’s median dwelling price (~ $779,000 ) ranks as the third least expensive  among Australia’s capitals – cheaper than Sydney, Brisbane, Canberra, and  Perth, with only Darwin and Hobart coming in lower . By contrast, Sydney’s median is well above $1.1 million. This price gap  presents a clear advantage: investors can enter the Melbourne market at a lower cost but still enjoy the benefits of a major metropolitan economy. In other words, your dollar goes further in Melbourne,  allowing investors to acquire higher-quality or better-located assets than the same budget would buy in Sydney. Melbourne’s relative affordability also contributes to higher rental yields  in many cases. With property prices more reasonable and rents rising amid strong demand, rental returns in Melbourne can be very attractive compared to the yield compression seen in Sydney’s priciest suburbs. Furthermore, Victoria’s market resilience  has been notable. Even during recent downturns, Melbourne saw milder price corrections than Sydney’s volatility, and it’s now rebounding from a lower base. The long-term growth trajectory  for Melbourne is strong: historically, it has matched or exceeded Sydney’s pace over multi-decade periods, thanks to continuous population inflows and land availability for expansion. In terms of 2025 outlook , forecasts place Melbourne near the top of the pack. KPMG’s latest Property Outlook expects Melbourne house values to rise about 3.5% in 2025 , slightly outpacing Sydney’s ~3.3% growth, and to accelerate further to ~6% in 2026 . For units, Melbourne is projected around 4.7% growth in 2025 (on par with other capitals) and a nation-leading ~7.1% in 2026  as apartment demand returns. Another analysis by Hotspotting ranks Melbourne as the third best-positioned region in Australia  for property value growth in the coming year (trailing only the much smaller markets of Darwin and regional SA) . This is a remarkable vote of confidence in Melbourne’s broad-based recovery, considering it lagged during COVID-19 while smaller cities boomed. Now the pendulum is swinging back: pent-up demand is being unleashed in Melbourne , just as other markets are cooling from their peaks. Finally, Melbourne benefits from a diverse investor base . Domestic and international investors alike are drawn to its stable rental market, renowned livability, and huge student population. Even with some recent tax changes for foreign buyers, overseas investors poured nearly $880 million into Victoria in the first three quarters of 2024  – attracted by comparatively lower prices and high-quality assets . Sydney often steals the headlines, but Melbourne quietly offers a balanced proposition of growth and yield  that is difficult to find elsewhere at this scale. In summary, compared to other major Australian cities in 2025, Melbourne/Victoria offers a “sweet spot” : big-city advantages without the extreme price tag, plus a unique phase of growth as it catches up from a slower period. For an investor deciding where to allocate capital, that makes Victoria a very compelling choice this year. Emerging suburbs offer excellent rental yields and affordable entry points for investors seeking long-term capital growth. Capitalizing on Victoria’s 2025 Upswing All signs indicate that Victoria’s property market is on a notable upswing  in 2025. A thriving economy and surging population are providing fundamental demand. Massive infrastructure investments are unlocking new growth areas and adding value to existing ones. Government incentives and lower financing costs are creating a supportive environment for buyers. And numerous suburbs – from greenfield estates to rejuvenated inner districts – are demonstrating real momentum in both buyer activity and price growth. This unique alignment of factors is why seasoned property observers see Victoria (and Melbourne in particular) as a prime target for investors right now . Of course, no market is without its nuances. It’s important to research which locations best fit your strategy  – not every suburb will perform equally, and property selection remains critical. However, the overall landscape in Victoria favors a savvy, long-term approach. The market is still recovering to previous peaks in some segments, suggesting there is room to grow before hitting affordability ceilings. As one analyst noted, Melbourne’s recent stagnation means current prices are attractively priced relative to other cities , and the city is poised for a “strong upward trend”  ahead . In other words, 2025 presents a window of opportunity: those who plan and act now  stand to benefit as the upswing gains traction in the years to come. For investors looking to capitalize, now is the time to do your homework and potentially make a move in the Victorian market . Consider reaching out to local real estate experts, exploring high-growth suburbs, and getting your finances in order to take advantage of incentives. The combination of factors at play in Victoria is rare and promising.   Whether you’re a first-time investor or expanding your portfolio, 2025 could be an ideal moment to invest in Melbourne and greater Victoria  – before the rest of the market catches up and competition intensifies. Welcome to reach out! Disclaimer This article is for general informational purposes only and does not constitute financial or investment advice. Property investment comes with risks  and individual circumstances vary. Before making any investment decisions , you should conduct thorough research and consider seeking independent professional advice to ensure any property purchase aligns with your goals and financial situation. References Realestate.com.au  News – “Why the Victorian market is trending for investors in 2025” , 17 Apr 2025  . Realestate.com.au  News – “‘A huge win’: Victoria extends stamp duty relief” , 14 May 2025  . KPMG Australia – “House prices to rise by 3.3%, units by 4.6% in 2025”  (Residential Property Market Outlook), 28 Jan 2025  . Realestate.com.au  News – “Melbourne’s ‘supercharged’ suburbs for 2025 revealed: Hotspotting Price Predictor Index” , 3 May 2025  . PropertyUpdate – “Melbourne property market forecast for 2025”  (Michael Yardney), 19 May 2025  . Victoria’s Big Build – About the Big Build  (Vic Govt), accessed 2025  . JLL Insights – “Why Melbourne’s prospects are tantalising for investors” , 15 Nov 2024  .

As one of Australia’s largest cities, Melbourne boasts some of the nation’s finest educational resources. According to the latest 2024 VCE rankings, private schools in certain areas continue to perform exceptionally well— Ballarat Clarendon College  has emerged as a surprise leader, taking the top spot! Emerging Education Hub:  Ballarat A top-performing co-ed private school in regional Victoria, Ballarat Clarendon College ranked #1 in VCE 2024. It offers strong academics, excellent pastoral care, and a robust boarding program. Located about one hour from Melbourne’s CBD, Ballarat is becoming a hotspot for property buyers thanks to its excellent schools, quality housing, and convenient transportation. Ballarat Clarendon College One of the five oldest private schools in Victoria, Ballarat Clarendon College topped the 2024 VCE rankings with consistent academic excellence and a strong boarding culture. ✓ Co-educational system | ✓ Tuition from $23,240 | ✓ Over 100 years of academic tradition Ballarat Clarendon College Elite Schools in Suburbs:  Mount Waverley Mount Waverley is a well-established, multicultural suburb in Melbourne’s southeast, known for its education, transport access, and family-friendly lifestyle. Huntingtower School (VCE #2) ✓ Co-ed with a century-long tradition✓ Boarding options available✓ Tuition: $29,305 – $31,165 Highlights: Small class sizes ( student-teacher ratio of 1:8 ), accepts both local and international students. Located in Mount Waverley, this top co-ed school ranked #2 in VCE 2024. Known for small class sizes and holistic education, it attracts both local and international families. Huntingtower School | Melbourne Private School VCE#2 Prestige Education Belt:  Kew Kew is an affluent and historic suburb of Melbourne, renowned for its lush greenery, outstanding schools, and elite lifestyle.  As one of Melbourne’s traditional blue-chip suburbs, it is a popular area for families to settle. Ruyton Girls’ School (VCE #5) A top-performing but low-profile girls’ school. Well-equipped campus, strong academic results, and a wide variety of co-curricular programs. Tuition: $39,920 – $42,280 A prestigious girls’ school in Kew, Ruyton is renowned for its academic achievement and low profile. It ranks #5 in VCE 2024 and offers top-tier facilities and extracurricular options. Trinity Grammar School (VCE #12) Founded in 1902, this all-boys school retains heritage buildings and emphasizes academic discipline. AEAS test scores are required for international student applicants. Tuition: $42,424 – $52,750 A heritage all-boys school founded in 1902, Trinity Grammar in Kew offers a rich academic and co-curricular experience. AEAS is required for international students. Xavier College (VCE #50) Another historic boys’ school in Kew, established in 1878 and known for its academic rigour and Jesuit Catholic traditions. Tuition: $38,000 – $38,750 A Jesuit all-boys school established in 1878, Xavier College in Kew emphasizes academic excellence, leadership, and spiritual formation. Southern Benchmark:  Keysborough Haileybury College (VCE #12) Founded in 1892, Haileybury is one of Melbourne’s best private schools, offering Australia’s first parallel education system (boys and girls taught separately) and continuous education from ELC to Year 12. Tuition: $39,985 One of Australia’s largest and most respected private schools, Haileybury offers a parallel education model, multiple campuses, and top-tier academic outcomes. The Rising Favourite:  Wantirna South While not traditionally viewed as a Chinese enclave like Box Hill or Glen Waverley, Wantirna South is gaining popularity among Chinese families. St Andrews Christian College (VCE #34) An affordable private school that blends faith, affordability, and academic support. ✓ Christian values-based education | ✓ Tuition from $12,000/year ✓ Adjacent to Knox Shopping Centre | ✓ Customised tertiary guidance A Christian private school located near Knox Shopping Centre, offering value-based education at an affordable price point. Popular among Chinese families. Ultimate Choice:  Glen Waverley & Wheelers Hill Two the most well-known private schools sit inside the suburb These mature communities are home to some of Melbourne’s most prestigious private schools. Despite rising property prices, their combination of top-tier education, convenient living, and cultural richness continues to attract new migrants and established families. ​ One of Melbourne’s most well-rounded schools, Caulfield Grammar offers both VCE and IB, with top-tier STEM, arts, and sports programs. Caulfield Grammar School (Wheelers Hill Campus) (VCE #34) A well-known co-ed school offering both VCE and IB programs. Features outstanding STEM facilities, arts centre, sports venues, and over 100 co-curricular activities, including music, drama, debating, and elite-level APS sports. Tuition: $32,000 – $50,000 Wesley College (Glen Waverley 校区) （VCE#133) Located in Glen Waverley, Wesley College is a well-known co-ed school offering both VCE and IB, with a focus on STEAM, creativity, and global citizenship. Wesley College (Glen Waverley Campus) (VCE #133) One of Melbourne’s top private schools with multiple campuses, Wesley Glen Waverley focuses on STEAM, global citizenship, and personalised learning. Offers both VCE and IB curricula, world-class maker spaces, performing arts centres, and competitive sporting programs. Tuition: $30,000 – $45,000 Choosing a school is essentially choosing an environment for your child’s growth. These elite institutions are favoured by Chinese families not just for academic results, but because they embody: ✓ A blend of Eastern and Western education✓ A balance of academic excellence and character building✓ A tradition of innovation and inclusivity Which qualities matter most to you when choosing a school?  Share your thoughts in the comments! 📩  Need help with school selection or moving closer to a top catchment? Contact us today! Disclaimer The school information provided in this article is for reference only. While we have made every effort to ensure the accuracy and timeliness of the rankings, tuition fees, and curriculum details, we do not guarantee their complete accuracy or ongoing validity. Readers are advised to visit the official websites of the respective schools or contact them directly for the most up-to-date information. Core Elite Real Estate does not represent or act on behalf of any of the schools mentioned in this article, nor do we receive any commissions. The content is shared purely for informational purposes and does not constitute any form of educational advice or endorsement.

Melbourne’s top government secondary school catchment zones  are highly sought after due to their schools’ outstanding academic results. Below is an in-depth look at ten of the highest-performing public secondary school zones, including each school’s academic performance, zone boundaries, property prices, rental yields, and recent market trends. All data is up-to-date as of mid-2025. 1. Balwyn High School Zone (Balwyn North) ( https://www.balwynhs.vic.edu.au/ )   Academic Performance:  Balwyn High School is continuously among Victoria’s top-performing state schools . In the 2024 VCE exams it achieved a median study score of 32 , placing it in the top 10 public schools, with ~14.7% of scores above 40 . This stellar academic reputation has made Balwyn High a magnet for families.   Zone Boundaries:  The catchment  covers most of Balwyn North (3104)  and adjacent pockets. The zone is strictly enforced , encompassing a large portion of Balwyn North . (A small part of Balwyn proper also falls in-zone.) Properties just inside the boundary command a premium – REIV data from 2018 showed houses in-zone cost about $80,000 more  than those outside . In recent years Balwyn’s zone has become so competitive that some buyers have started eyeing neighboring zones (e.g. Camberwell High) as alternatives .   Property Prices:  Balwyn North is a blue-chip suburb . The median house price is $2.23 million  (over the 12 months to May 2025), after a slight ~6.4% annual decline . Despite recent cooling, house prices remain very high. Units/townhouses have a median around $824,000 (down ~23.7% YoY) , reflecting some softening in the apartment market. This zone’s property values tend to hold up long-term due to persistent demand.   Rent & Yield:  A typical 4-bedroom house rents for about $850 per week , equating to a modest ~ 2.0%  gross yield . Yields are low since buyers pay a premium for land. (Units yield higher, around 4–5%, due to lower purchase prices .) Notably, many families rent in the zone if they cannot afford to buy – keeping rental demand robust. In Balwyn North, ~ 2.1% is the average house yield and ~4.6% for units .   Market Trends & Demand:  Buyer demand in the Balwyn High zone remains intense but value-sensitive . After peaking in 2022, house prices dipped in 2023–24 amid broader market softening (interest rate rises), but the last quarter of 2024 saw recovery  . Properties in-zone still attract competitive bidding, though buyers are more price-conscious. Homes in this zone spend ~66 days on market on average . Long-term prospects are strong – being in this zone is seen as saving on private school fees , underpinning continued demand . Balwyn High’s ongoing academic excellence and modern facilities (funded in part by international students) ensure this zone remains one of Melbourne’s most coveted  . Renowned for academic excellence, Balwyn High remains the top public school choice in Melbourne’s east. 2. Glen Waverley Secondary College Zone (Glen Waverley) ( https://www.gwsc.vic.edu.au/ )   Academic Performance:  Glen Waverley Secondary College (GWSC) is consistently among the top non-selective schools . Its 2024 median VCE score was 33  – one of the highest in Melbourne (ranked #8 among public schools) . About 14.1% of its VCE subjects scored over 40 . GWSC’s academic results and competitive culture  draw many aspirational families .   Zone Boundaries:  The GWSC catchment  is notably small  – roughly a 1–2 km radius around the school in Glen Waverley (3150)  . It is tightly bounded by neighboring school zones (Mount Waverley SC to the west, Highvale SC to the east, Brentwood SC to the south) . The limited size and strict enforcement of residency (address checks are rigorous) make entry competitive . Properties inside the GWSC “golden triangle” command huge premiums : a typical house in-zone can cost $500–$700k more  than a similar house just outside the zone . Townhouses in-zone also see $200–$300k uplifts over those out-of-zone . This premium reflects extraordinary demand – local buyer’s agents report the GWSC zone has an “ultra-competitive” market with families “pouncing”  whenever an in-zone home hits the market .   Property Prices:  Despite the broader market lull, Glen Waverley house prices remain high . The median house price is $1.65 million  (mid-2025), barely changed (-0.9% YoY) – indicating resilient demand. By contrast, the median unit/townhouse price is $860,000 , which actually jumped ~12.9% over the past year . This surge in unit prices suggests many families are opting for townhouses/apartments as an entry ticket  to the zone . In fact, units in Glen Waverley (often newer and high-spec) have become a relatively affordable way to secure an address in GWSC’s catchment .   Rent & Yield:  A standard house rents for around $750/week in this zone , yielding approximately 2.4%  annually. Family-sized rental stock is in high demand; local agents note limited supply of in-zone houses for lease, which keeps rents solid. Units and apartments rent at roughly $480–$550/week, and their yields can exceed 3.5–4%. With some families unable to buy, the rental market is strong  – many tenants specifically seek addresses within GWSC’s boundaries, underpinning rental yields .   Market Trends & Demand:   Buyer demand is relentless. Properties in the GWSC zone typically sell faster (houses average ~51 days on market, 26% quicker than last year) . Auction clearance rates are high (~70% for houses) as cashed-up buyers fiercely compete . Even as overall listings were down, GWSC zone homes bucked the trend  – prices have essentially held at peak levels, defying the broader Melbourne dip. In early 2025, Domain noted low supply and pent-up demand  in this area, suggesting upward pressure on prices going forward . Indeed, agents report families making significant sacrifices  (downsizing from larger homes elsewhere, etc.) to buy into GWSC . Given GWSC’s enduring reputation and limited catchment, this zone remains “as popular as ever”  , with buyer demand expected to stay intense. At the heart of Melbourne’s education belt, Glen Waverley SC continues to lead with top-tier results. 3. McKinnon Secondary College Zone (McKinnon/Bentleigh) ( https://mckinnonsc.vic.edu.au/ )   Academic Performance:  McKinnon Secondary College has long been a top-performing open-entry school . Over the past decade it’s consistently ranked among the top 3 non-selective government schools . In 2024 its median VCE study score was 33  (ranked #6 among public schools) with 17.7% of scores over 40 – an outstanding result  rivaling some selective schools. McKinnon is also renowned for its music program  and well-rounded excellence .   Zone Boundaries:  The McKinnon SC zone  covers parts of McKinnon, Ormond, Bentleigh, and Bentleigh East  (3204 and surrounds). The zone was recently expanded with a second campus (opened 2022) to accommodate demand . Even so, competition for in-zone property remains fierce . Homes inside the zone command a hefty premium : as of 2019, the median house in the McKinnon catchment was $1.548M – about $157,500 more  than houses just 1km outside (one of the largest school-zone premiums in Melbourne). This premium has likely persisted or grown. Local agents say “every family wants a home in the McKinnon zone” , with some buyers paying half a million  above out-of-zone prices for comparable land . The zone’s borders have even tightened over time due to high demand (as popularity grew, smaller pockets were excluded to cap enrolments) . As a result, proximity to the school is crucial – prices often increase closer to the school  itself .   Property Prices:  The McKinnon zone sits in Melbourne’s inner-south. The median house price is ~$1.73 million  (mid-2025) . Prices have cooled ~8.6% in the past year after rapid growth in prior years . Still, values remain significantly higher than in adjacent suburbs outside the zone (e.g. parts of Bentleigh East). Townhouses and units have a median around $760,000 (down ~4.4% YoY) , reflecting some retreat after earlier spikes. It’s worth noting many original houses are being replaced by luxury homes and high-end townhouses, keeping price points elevated. Even with recent dips, in-zone property values are about 10%+ higher  than just outside (e.g. 2021 data showed ~11% premium) and the McKinnon zone was cited as having strong long-term capital gains .   Rent & Yield:  Houses in this zone rent for approximately $850–$900 per week  (a $895/week  median) . That yields roughly 2.6–2.7%  annually – a bit higher than many premium suburbs, indicating solid rental demand. In fact, McKinnon’s rental market has strengthened  as some families unable to buy still strive to get their kids into the school by leasing in-zone . Agents confirm investor interest too, given McKinnon’s low vacancy and rising rents  . Unit rentals (~$500–$600/week for 2–3 bed units) yield around 3.5–4%. Overall, the prospect of guaranteed tenant demand (from school-focused families) makes this zone attractive for landlords , though yields remain moderate due to high entry prices.   Market Trends & Demand:  The McKinnon zone real estate market is characterized by chronic high demand and limited supply . In 2024–25, the number of house sales dipped (listings were ~12% lower YoY) , partly due to owners holding onto in-zone homes tightly. Properties that do hit the market still “go gangbusters” , according to local agents . Buyers continue to “dig deep” to secure addresses here, often bidding well beyond reserve. Even with market headwinds, competitive auctions  are common – clearance rates ~66% for houses, which is robust . One trend is longer days on market for high-end properties (the average DOM for houses rose to ~119 days , possibly due to some vendors overpricing in a softer market). However, more affordable offerings (e.g. older houses or units) still sell quickly. The recent extension of the zone (new campus) has also brought more properties into contention , boosting values for those newly in-zone . Going forward, McKinnon SC’s planned infrastructure upgrades and sustained academic outcomes mean this zone should remain one of Melbourne’s most reliable for capital growth , with continued strong buyer and renter demand. A beacon of excellence in the south, McKinnon Secondary draws families seeking strong and consistent performance. 4. Box Hill High School Zone (Box Hill/Blackburn South) ( https://www.boxhillhs.vic.edu.au/ )   Academic Performance:  Box Hill High School is another top-tier open-entry school . In 2024 its median VCE score was 32  (ranked #12 among public schools) and ~11.8% of its students’ scores were 40+ . Box Hill High has a long-running accelerated learning program  for gifted students and consistently ranks highly in Victoria (its median has often been 32–34 in recent years). This academic strength makes its zone highly prized.   Zone Boundaries:  The zone covers parts of Box Hill, Box Hill South, and Blackburn South  in Melbourne’s eastern suburbs (3128 and 3130). It is a relatively compact catchment – essentially the neighborhoods immediately surrounding the school (north of Canterbury Road and mostly west of Middleborough Rd). Demand for in-zone homes is intense.  In 2018, houses within 1 km of the Box Hill High catchment fetched about $85,750 more than similar homes just outside . The difference may be even larger now given Box Hill High’s sustained reputation. The zone has become “tightly held” : many families move in when children are young and stay put, resulting in limited turnover  of houses for sale . This scarcity further drives up prices. Notably, Box Hill itself has seen significant apartment development, but many high-rise buildings lie just outside the school zone – meaning single-dwelling properties within the zone are especially scarce and valuable .   Property Prices:   House prices in the Box Hill High zone are high and recently dipped.  The median house price is about $1.31 million  (down ~9.5% over the past 12 months) . This drop reflects a cooldown after frenzied growth in the late 2010s; even so, in-zone house prices remain well above neighboring areas not in any top school zone. The median unit/townhouse price is around $576,000  (actually up slightly, +1.1% YoY) . Box Hill’s unit market is influenced by an oversupply of apartments – hundreds of new units have been built around the Box Hill central precinct, resulting in some price stagnation. Indeed, units take much longer to sell  (average 161 days on market) as compared to houses (60 days) . Still, modern townhouses within the school zone (often on subdivided blocks in Blackburn South) are popular as a lower-cost entry to the area.   Rent & Yield:  Houses rent for roughly $620–$650 per week  in this zone (median ~$630/week) , delivering a ~ 2.5%  gross yield. Unit rentals (many new apartments) are about $420–$480/week, yielding closer to 3.5–4%. Notably, Box Hill’s rental yields are a bit higher than inner suburbs  – around 2.2% for houses and 4.6% for units as of a few years ago – due to the area’s relative affordability and strong tenant demand (the suburb is a transport hub and education precinct). With Box Hill High’s draw, family-sized rentals in-zone are keenly sought ; however, the large supply of units nearby has tempered overall rent growth. Investors remain interested given the suburb’s development and the school-zoned capital appreciation story.   Market Trends & Demand:  The Box Hill area is undergoing rapid change (major infrastructure and hospital upgrades, high-rise projects), yet the school zone housing market remains a stable enclave of demand . In 2024–25, house listings in the zone were down ~20%, indicating fewer sellers . Those properties that did list generally sold faster than before (60 days average, 18% quicker YoY) , showing buyer urgency even in a softer market. Buyer demand comes from both local Asian-Australian families (the area’s predominant demographic) and others willing to move for the school. Agents note that homes directly in the catchment fetch “substantially higher” prices , often with spirited auctions. The only drag on the local market has been the apartment oversupply , which primarily affects investors. But for family homes, the Box Hill High zone is bulletproof  – even in downturns it outperforms. Looking ahead, the combination of Box Hill High’s academic prestige and the suburb’s growth as a metropolitan activity center is expected to keep this zone’s property market in high demand  and on a long-term growth trajectory. Located in a vibrant multicultural hub, Box Hill High offers high-quality public education with strong results. 5. East Doncaster Secondary College Zone (Doncaster East) ( https://www.eastdonsc.vic.edu.au/ )   Academic Performance:  East Doncaster Secondary College (EDSC) is a top-performing co-ed school  in Melbourne’s northeast. In 2024 it had a median VCE score of 32  (ranked #11 among public schools) with ~12.9% of study scores above 40 . EDSC is known for strong results in math/science and consistently ranks among the state’s best non-selective schools. Its academic reputation makes it a highly regarded  public school option in Manningham.   Zone Boundaries:  The EDSC zone covers much of Doncaster East (3109)  and parts of Doncaster. The western boundary roughly aligns with the Doncaster SC zone, dividing along major roads; the EDSC catchment generally lies east of Ruffey Lake Park and includes areas around Doncaster East’s shopping precincts. This zone is strictly enforced  due to demand – local agents recount extreme stories of families “couch-surfing” in one-bedroom apartments just to claim in-zone residency . Such anecdotes underscore the importance families place on this zone . Even during the recent property downturn, homes in the East Doncaster SC catchment remained sought-after – a Barry Plant agent noted many clients who “made significant sacrifices to get into these areas”  . The zone’s desirability also draws buyers from overseas backgrounds who specifically target EDSC for its academic program and Chinese community in the area.   Property Prices:   House prices in Doncaster East have been resilient.  The median house price is about $1.56 million  – effectively unchanged (0.0% growth) over the past year . Prices held steady despite broader market volatility, suggesting the school zone buoyed demand. The median unit/townhouse price is around $675,000  (down ~9.6% YoY) . The drop in unit values reflects fewer buyers for older units and possibly an increase in supply of new townhouses. Notably, Doncaster East has many large family homes (often on ~700 m² blocks), and new luxury home rebuilds are common – sustaining the median above the municipal average. Houses in the EDSC zone tend to fetch a premium over those just outside (e.g. in Donvale or Warrandyte) because of the school effect. Indeed, prices in some EDSC neighborhoods have outperformed – one part of Doncaster East saw 7.8% annual growth  (among Melbourne’s highest) in recent data .   Rent & Yield:  A typical 4-bedroom house rents for about $750 per week  in this zone , yielding approximately 2.5% . The area attracts many owner-occupiers, so rental stock is a bit limited; however, investors are increasingly interested  as the school zone guarantees steady tenancy demand. Townhouses (3BR) rent around $550–$600/week. Gross yields for units are in the ~3.5–4% range. Owner-occupier demand keeps yields moderate, but rental demand has upticked – local agents report families renting short-term to get children settled into EDSC, boosting rents for in-zone homes . The vacancy rate in Doncaster East is low, and rental growth has been steady as some would-be buyers stay in the rental market amid high interest rates.   Market Trends & Demand:  The East Doncaster SC zone saw healthy market activity  through 2024. Houses are selling about 9% faster than last year (51 days on market on average) , indicating improved buyer urgency . Clearance rates around 64% for houses show decent competition at auctions . However, the volume of sales was down (~24% fewer houses sold YoY) , partly due to sellers holding off during the softer market. Buyer demand remained strong enough that values held flat, a sign that the zone is relatively insulated . One trend has been increased interest from upsizers moving from inner suburbs – seeking bigger homes plus the public school advantage – which has propped up the top end of the market. Agents also noted that supply is tight : low new listings in early 2025 meant buyers had to compete for fewer options . Looking forward, as the overall Melbourne market recovers, the EDSC zone is poised for growth given its fundamentals (great school, spacious housing, freeway access). The PRD Chief Economist recently highlighted Doncaster East as an area that “has become more affordable for families wanting the best education… but this window won’t last long” , warning that limited listings will cause prices to “start tracking up” again . In sum, East Doncaster Secondary’s zone continues to enjoy solid buyer demand and stable prices , with a likely return to price growth as conditions improve. In the heart of the eastern Chinese community, East Doncaster SC is one of Melbourne’s most sought-after school zones. 6. Mount Waverley Secondary College Zone (Mount Waverley) ( https://www.mwsc.vic.edu.au/ )   Academic Performance:  Mount Waverley Secondary College (MWSC) is a highly regarded co-educational school  that performs strongly. In 2024 it recorded a median VCE score of 31  (ranked #34 among public schools) , with about 7.4% of study scores above 40 . While slightly below the elite tier, MWSC consistently ranks in the top few dozen – making it one of Melbourne’s better public schools. It’s especially known for its excellent VCE Science and accelerated programs, and its results are trending upwards.   Zone Boundaries:  The MWSC zone covers most of Mount Waverley (3149)  and parts of Burwood  and Burwood East (notably the “Essex Heights” area near the junior campus). It borders the Glen Waverley SC zone to the east – many streets in Mount Waverley are split between the two, so buyers pay close attention to address eligibility. The zone also abuts Ashwood HS to the northwest and Brentwood SC to the south. Overall, it’s a relatively large catchment. This zone has grown in appeal as nearby GWSC became harder to buy into; one agent noted that as Balwyn and Glen Waverley zones became “difficult to crack, purchasers switched focus to the highly regarded Mount Waverley Secondary” . That sentiment reflects MWSC’s rising status. Properties in-zone do see a premium: recent data (2018) showed an average uplift of $78,500  for houses inside the MWSC catchment vs just outside . With the school’s popularity climbing, the premium may be higher now. The zone’s popularity is evidenced by strong competition at auctions and the fact that local families often try every means (including renting) to stay within its bounds.   Property Prices:   House prices in the MWSC zone are robust.  The median house price is around $1.56 million  (virtually flat, –0.4% YoY) . This stability despite broader market dips indicates sustained demand for the area. It’s worth noting that Mount Waverley has a mix of mid-century homes and new builds; blocks near MWSC often get redeveloped, supporting values. The median unit/townhouse price is about $947,000 (also barely changed, –0.3% YoY) . Many townhouses in the zone are spacious (often 4BR) and nearly as costly as houses. The MWSC zone’s pricing sits between its neighbors – cheaper than Glen Waverley ($1.65M median) but higher than Ashwood or Clayton. In early 2025, REIV figures showed the quarterly median around $1.6M  with a slight –1.2% quarterly tweak , consistent with a plateauing market.   Rent & Yield:  A typical 3-4 bedroom house rents for about $700–$750 per week  (median ~$720/week) , giving a gross yield of ~2.4% . Rental demand is healthy – the area appeals to families and also Monash University staff/students due to proximity. The vacancy rate is low. Townhouses fetch similar rents (often $600–$680/week), so their yields (~3.0%) can be slightly higher since purchase prices are a bit lower. With interest rates up, some would-be buyers have chosen to rent in MWSC zone, keeping pressure on rents. Landlords have been benefiting from moderate rent increases over 2023–24. Overall yields remain modest (typical of Melbourne), but the prospect of capital growth  in this school zone is the main draw for investors.   Market Trends & Demand:  The Mount Waverley market has shown resilience and efficiency . Houses in the zone are selling in about 50 days on average , which is steady (only ~2% slower than last year) . This suggests balanced conditions – properties are finding buyers without long delays. Auction clearance rates are around 67–68%, in line with the Melbourne average . The notable trend is reduced supply : house sales were down 27% YoY , meaning fewer homeowners are selling. This shortage, combined with sustained buyer interest, has kept prices buoyant. Buyer demand comes from local upsizers (many trading within the suburb) and immigrants attracted to the school. The zone saw only minor price softening  in 2022–23 and appears to have stabilized quickly. Agents report that well-presented in-zone homes still get multiple bidders, and the top end (new luxury homes) is fetching strong prices. For example, even as interest rates peaked, renovated family homes near MWSC continued to sell at or above $1.6–1.7M . With early 2025 bringing hints of market improvement, the MWSC zone is poised to benefit. In summary, the Mount Waverley Secondary zone real estate market is steady and competitive , underpinned by limited supply and the enduring draw of a quality school in a family-friendly suburb. Known for steady results and a nurturing environment, Mount Waverley SC is a top choice in the southeast. 7. University High School Zone (Parkville/North Melbourne) ( https://unihigh.vic.edu.au/ )   Academic Performance:  The University High School (UHS) is a historic, high-achieving public school. Although partly selective (it hosts a gifted education program), it primarily serves its local zone. In 2024, UHS had a median VCE score of 31  (ranked #27 among Vic public schools) , with ~9.0% of study scores above 40 . While a bit lower than some eastern rivals, it remains one of the strongest academic performers  in Melbourne’s inner city. UHS is renowned for excellence in science (given its proximity to Uni of Melbourne) and an enriching curriculum spanning ethics to the arts .   Zone Boundaries:  Unihigh’s zone covers Parkville (3052)  and most of North Melbourne (3051) , plus small sections of Carlton. Essentially, it serves families in the CBD-adjacent areas north and west of the city. The zone is fairly compact and highly urban. Note that Melbourne’s selective entry schools (Melbourne High and Mac.Robertson Girls) draw many top students statewide, but UHS is the top open-entry option on the north side . The University HS zone has been prized for decades – being next to the University of Melbourne and major hospitals, it has a cachet. REIV data in 2018 showed Parkville (in-zone) houses had a median of $1.5M, about $67,500 higher  than those outside the zone . In 2023, Domain noted the Carlton/Parkville unit market was an affordable entry near “prestigious Melbourne High School” (likely they meant University HS) . Indeed, a median unit around $400k in Carlton gets one within the UHS vicinity , reflecting a relatively lower cost for zone access via apartments. The zone has a diverse mix of housing – from grand Parkville terraces to North Melbourne workers’ cottages and modern apartments – and all see demand from parents aiming to enroll at UHS.   Property Prices:   House prices in the UHS zone are high , reflecting inner-city desirability. In Parkville, the median house price is about $1.66 million  (down ~7.5% YoY) . North Melbourne’s median is a bit lower (around $1.21M, and actually up ~4.6% YoY) , since its houses are generally smaller. The combined zone median sits roughly in the low-to-mid $1.4M range. Prices dipped slightly in Parkville over the last year due to low volumes and interest rate impacts on high-end buyers. Unit prices  are relatively affordable – Parkville’s median unit is $538,000  (up 6.3% YoY) , and North Melbourne’s around $470k (down ~9.6%) . The abundance of apartments (especially in North Melbourne near Arden and in Carlton’s university precinct) keeps unit prices moderated. However, any property with period charm in the zone – e.g. a Victorian terrace – commands a significant premium due to both character and school zoning. In general, the University High zone real estate has historically appreciated well, though the past couple of years were flatter. Parkville in particular remains a prestigious enclave (with its $ 1.66M  median among the highest for a school zone on this list).   Rent & Yield:  The inner-city location means a strong rental market. A typical North Melbourne 3-bedroom terrace rents for around $700–$750 per week  (Parkville houses often $800+ if larger). Parkville’s median advertised rent is $730/week  , which gives a gross yield of about 2.3% . Units and flats are plentiful and rent from ~$400 to $600/week depending on size (many students rent in the area). Unit yields can be 4–5% given lower purchase prices. Interestingly, the UHS zone sees demand from both families and unrelated renters (students, young professionals), making it a liquid rental market . As a result, landlords can expect steady occupancy. The rental yield for houses (~2–3%) is modest, but many investors hold property here more for capital growth and as a “land bank” near the city. For families, renting is a popular strategy – e.g. some choose to rent an apartment in-zone during the high school years if they cannot afford to buy a house in Parkville. This phenomenon supports higher rents, especially for any family-suitable dwellings in zone. Overall, rental demand is consistently high  given proximity to the CBD and the university, benefiting property owners.   Market Trends & Demand:  The University High zone real estate market in 2024–25 has been resilient, with some renewed momentum . Houses in Parkville sold ~34% faster than a year ago (62 days on market on average, down from 94) , indicating improving buyer sentiment. North Melbourne also saw relatively brisk sales, with well-renovated homes attracting multiple bidders. Clearance rates have been solid (~62% for Parkville, higher for North Melb) . One factor is that supply is very limited – only 28 house sales in Parkville in the past year . This scarcity, combined with the zone’s enduring appeal, has prevented any major price corrections. On the demand side, the area draws both local upgraders and overseas buyers (some overseas-born parents target UHS for its ties to Melbourne Uni). The presence of major new infrastructure (the upcoming Arden station) and development in North Melbourne is adding interest as well. A possible headwind is the large apartment supply which can dilute capital growth for units, but houses and townhomes remain keenly sought . Overall, University High’s zone remains a premium inner-city market : well-insulated by education-driven demand, and likely to see continued long-term growth as inner Melbourne rebounds post-pandemic. Next to the University of Melbourne, University High blends academic tradition with inner-city prestige. 8. Frankston High School Zone (Frankston South) ( https://www.fhs.vic.edu.au/ )   Academic Performance:  Frankston High School (FHS) is the highest-performing public school in Melbourne’s outer south  and widely considered the premier non-selective school on the Mornington Peninsula. In 2024 it achieved a median VCE score of 31  (ranked #24 among Vic public schools) , with about 9.6% of study scores above 40 . FHS’s results are consistently strong (often topping 30 median); it offers an excellent academic and sports program, which is why families as far as the southeastern suburbs consider moving to Frankston for it. The school is proudly co-educational and has seen outstanding outcomes , contributing to its reputation as “the premier school on the Peninsula”  .   Zone Boundaries:  The Frankston High zone  covers Frankston South (3199)  and parts of Frankston around Oliver’s Hill and the Derinya Primary catchment. It’s roughly the southern half of Frankston, including the areas south of Oliver’s Hill and east toward Mount Eliza (but not as far as Mt Eliza Village). This zone is famously known to boost property values in Frankston – it’s not uncommon to see advertisements proudly highlighting “within the Frankston High School Zone.” Parents from all over Melbourne “dig deep to buy into the Frankston High catchment” , according to local agents . The premium is significant: houses in the FHS zone had a $128,400 higher median  than those just outside, per REIV data . Another agent put it simply: “For anything in the zone, add $100k–$150k to the price tag.”  . This demand has transformed Frankston South into a sought-after family enclave, whereas nearby areas without the FHS zoning are markedly cheaper. The zone’s desirability also draws city buyers who might otherwise not have considered Frankston – it offers an affordable coastal lifestyle and  top public education.   Property Prices:   House prices in the FHS zone have surged.  The median house price in Frankston South is around $1.15 million , up a strong +9.4%  over the past 12 months . This bucked the trend of flat/declining prices elsewhere, highlighting how school-zone demand propped up values. Indeed, over the past few years Frankston South entered the “million-dollar club,” largely due to the zone effect. The median unit/townhouse price is about $713,000  (down 5.9% YoY) . That median is relatively high for units, reflecting that many in Frankston South are larger villa units or modern townhouses (often preferred by downsizers and small families wanting the zone). In contrast, units in other parts of Frankston can be much cheaper. The gap between in-zone and out-of-zone is stark: as one example, the median house in Frankston South ($1.15M) is nearly double the median in Frankston North (~$603k) . Clearly, the FHS zone has elevated the entire suburb into a different price bracket. It’s also worth noting that Frankston South’s leafy, spacious character and proximity to the beach further enhance its appeal in addition to the school.   Rent & Yield:  Houses in the FHS zone rent quickly – typically around $620–$680 per week  (median roughly $650/week  for a 3-4 bed house) . This yields about 2.9%  gross, which is actually one of the higher yields among top school zones, given the still-moderate house prices. Rental demand is intense: families who can’t buy will lease in the zone to get their kids into FHS. Local realtors often have waiting lists for rentals “zoned for Frankston High.” Units and townhouses rent for ~$480–$550/week, yielding ~3.5–4%. The overall rental market in Frankston South is tight (owner-occupancy is high at ~83% , so relatively few rentals exist). Recently, as prices jumped, more newcomers have chosen to rent first – this pushed rents up and vacancy near zero. In short, rental yield is decent and tenant demand extremely reliable  in this zone, making it attractive for investors as well.   Market Trends & Demand:  The Frankston High zone has been a star performer  in recent years. Even as Melbourne’s market cooled in 2022, FHS-zone properties held value or continued climbing. The past 12 months saw significant price growth  in the zone (house medians +9% as noted) , making it one of Melbourne’s better-performing pockets. Homes in the zone typically sell very fast : many are snapped up off-market or after just one open house. The days on market averages ~54 days , but well-priced homes often go much quicker. Auction clearance can be volatile given the small market, but private sale competition is fierce – it’s not uncommon for multiple offers above asking. Agents in 2025 report that demand far outstrips supply ; one called the zone “bulletproof,” noting some buyers from as far as Glen Waverley or Camberwell relocating here for the school . This influx of new buyers with bigger budgets has helped push Frankston South’s prices upward. Local sentiment is that Frankston South is now to the Peninsula what Balwyn North is to the east  – a must-have school zone driving the market. With Frankston itself gentrifying and significant infrastructure (freeway, train) making city access easier, the FHS zone’s popularity looks set to continue. It provides a rare combination of coastal lifestyle, affordability (relative to inner suburbs), and top public schooling , ensuring sustained high buyer demand and future growth. The king of the Peninsula, Frankston High offers elite schooling with a coastal lifestyle. 9. Canterbury Girls Secondary College Zone (Canterbury/Camberwell) ( https://www.cgsc.vic.edu.au/ )   Academic Performance:  Canterbury Girls’ Secondary College (CGSC) is one of Melbourne’s top non-selective girls’ schools. Academically, it’s consistently high-performing . In 2024, CGSC achieved a median VCE study score of 32 (ranked #13 among Vic public schools) , with ~11.7% of study scores above 40 . This is on par with the best co-ed schools. Canterbury Girls has a strong reputation in arts and leadership programs as well, and it often rivals some private girls’ schools in results. Its status as an all-girls government school makes it somewhat unique (the only one in Melbourne’s east, aside from selective Mac.Robertson in the city).   Zone Boundaries:  The CGSC zone covers the affluent suburbs of Canterbury (3126)  and parts of Camberwell, Hawthorn East, Surrey Hills , and Balwyn . Generally, it aligns with the area north of Riversdale Rd and around Canterbury Rd – overlapping somewhat with Camberwell High’s zone (which covers co-ed schooling in the area). Because CGSC is girls-only, families with sons often target Camberwell High zone instead, but those with daughters place a premium on Canterbury Girls. The zone lies in Boroondara’s heart, one of Melbourne’s priciest regions. Being in this catchment hasn’t traditionally been touted as loudly as Balwyn High or McKinnon (likely because it serves only girls), yet it definitely adds value  for applicable buyers. In fact, Camberwell/Canterbury homes in this vicinity command high prices for numerous reasons, the school zone being one. A 2018 report noted the Camberwell High catchment had a $289k premium  ; since Canterbury Girls’ zone overlaps similar territory and offers an arguably superior academic outcome (for girls), one can infer a comparable if not greater premium for those targeting CGSC. Certainly, realtors in Canterbury often highlight proximity to CGSC (and its partner Camberwell Grammar for boys). The zone, roughly a 1.5–2 km radius from the school, is also adjacent to Balwyn High’s zone at its north – giving local parents two top options.   Property Prices:  The CGSC zone sits in an elite property market . Canterbury’s median house price is approximately $3.0 million  (up +3.4% YoY) – among the highest in Melbourne. Camberwell’s median is similar (around $2.7–$3.0M). These prices reflect large block sizes, heritage homes, and general prestige. Even modest houses here often exceed $2M. The median unit price in Canterbury is $920,000  (down 9.7% YoY) , which is extremely high for units – it speaks to the prevalence of upscale townhouses and boutique apartments rather than cheap flats. Because the area is so expensive, school zoning has a less dramatic percentage effect (many buyers are wealthy enough that private school is also an option). However, in recent years, agents have noticed more education-conscious buyers opting for Canterbury Girls + Camberwell High instead of private schools , which has helped push prices up further . The zone’s property values are also supported by its proximity to private schools (like Camberwell Grammar, Carey, etc.), shopping villages, and train lines. In essence, it’s hard to disentangle the school effect from the general premium of the suburb – but there’s no doubt the CGSC zone is one of Melbourne’s most exclusive real estate markets .   Rent & Yield:  With multi-million-dollar prices, rental yields are low . A typical family house in Canterbury rents for about $1,000–$1,200 per week  (the median advertised rent is $1,100/week  for a house) , yielding roughly ~1.9% . Many landlords in the area are investors banking on capital growth or expatriate owners renting out homes. Units rent for ~$500–$650/week depending on size, yielding ~3–3.5%. The pool of renters specifically needing the CGSC zone is smaller (since it’s girls-only, and some renters at this price point might opt for private schooling). Nevertheless, some families do rent in-zone for daughters – especially those who also work in the city and like the area. The rental market in Canterbury/Camberwell is generally stable but not as frenetic as some others; properties can take longer to lease given the high-end price points. Owner-occupancy is very high (~80% of homes are owner-occupied in Canterbury) . Thus, yields remain among the lowest in Melbourne, reflecting the suburbs’ capital-focus nature.   Market Trends & Demand:  The Canterbury/Camberwell market has seen strong capital growth and remains robust . In the past year, Canterbury house prices actually rose ~3%, defying the broader downturn . This indicates that top-tier segments rebounded quickly . Houses here average 81 days on market (a bit longer than cheaper areas) , as they often await the right buyer. But clearance rates have improved (63% for houses, up 10.8%) , suggesting buyers have returned. The quote from a Jellis Craig agent in 2018 is telling: Balwyn High used to dominate, but “highly regarded Camberwell (and by extension Canterbury Girls) High”  has gained focus as Balwyn became pricier . In 2023–24, that trend likely continued: families who might have stretched for Balwyn North can find slightly better value in Camberwell and still get an excellent public school (especially if they have daughters). This shift has added a new layer of demand. We’re effectively seeing education-driven buyers propping up an already premium market . The CGSC zone’s prospects remain excellent – its blend of prestige homes and top education means it will continue to attract affluent family buyers. The only challenge is supply: there were only ~89 house sales in Canterbury last year (–22% YoY) . As long as supply stays thin, prices should hold or climb. In summary, Canterbury Girls’ zone sits in a blue-chip market with enduring appeal , and the school’s performance only amplifies the demand for this coveted address. The east’s top non-selective girls’ school, Canterbury Girls earns trust with consistently strong performance. 10. Vermont Secondary College Zone (Vermont/Mitcham) ( https://www.vermontsc.vic.edu.au/ )   Academic Performance:  Vermont Secondary College (VSC) is one of Melbourne’s top-performing co-ed public schools  in the outer eastern suburbs. In 2024 it boasted a median VCE score of 32  (ranked #17 among public schools) , with ~9.8% of study scores over 40 . This puts it on equal footing with many better-known inner-city schools. VSC has a strong record in academics and a reputation for a supportive, disciplined learning environment, which consistently yields excellent results.   Zone Boundaries:  The VSC zone encompasses Vermont (3133)  and parts of Mitcham, Ringwood, and Vermont South . Generally, it covers the suburbs around Canterbury Road and Mitcham Road intersection, extending to include most of Vermont and pockets of adjacent areas (but excluding zones for Ringwood Secondary and others further out). This zone is known for offering top-tier results at a relatively affordable price point . In fact, new research in 2025 highlighted Mitcham’s $1.15M median house price as the lowest entry point among Melbourne’s top performing school catchments  (that statistic was for Vermont Primary , but it underscores the area’s relative affordability for high-caliber schools). As a result, Vermont SC’s zone has become attractive to young families looking to maximize education outcomes on a budget. The local real estate market sees people moving from more expensive inner-east locales to get a bigger house plus the school benefit. The zone has a strict boundary, and being on the right side of Mitcham Rd or certain creeks can make a big difference in price. It’s often mentioned that the Vermont Secondary zone provides “bang for buck”  – you get a school on par with Balwyn or McKinnon results, but house prices are significantly lower. This dynamic is fueling demand and price growth in Vermont and Mitcham.   Property Prices:   House prices in the VSC zone have been climbing yet remain moderate.  The median house price in Vermont is about $1.25 million  (up +2.1% YoY) . This is considerably cheaper than the inner school zones, making it an accessible option for many middle-class families . Vermont South (just outside the zone to the south) has a higher median (~$1.45M) , but much of that suburb feeds into Highvale SC. Within the VSC catchment, Mitcham’s median is around $1.15M–$1.2M, reflecting the zone’s lower entry cost compared to others. Unit/townhouse prices  in Vermont average around $929,000  (notably high, and down 15.5% YoY likely due to low sales volume) . That unusually high “unit” median suggests many new townhouse developments in Vermont targeting school zone buyers. The supply of new townhomes has grown as developers capitalize on the education drawcard. It’s also worth noting Vermont has fewer high-rise apartments, so “unit” sales often are actually spacious townhouses, hence the high median. Broadly, the zone’s property market has seen solid growth over the past 5 years (many streets in Mitcham/Vermont have jumped in value by 30–40% or more), with the school zone being a key driver. It remains one of the most affordable top-10 school zones , which gives it room for further growth.   Rent & Yield:  Houses in the Vermont SC zone rent for around $600–$650 per week  (median roughly $630/week  for a 3-4 bed house) . That represents a gross yield of about 2.6% , slightly higher than inner suburbs due to the lower buy-in cost. Demand for rentals is steady – many local families are owner-occupiers, but there’s an increasing trend of renters moving in for schooling. Investors find this area appealing as yields are a touch better and capital growth prospects strong. Townhouses rent for about $500–$550/week. The rental market tightened in 2023–24, pushing rents up (houses are ~$50/week higher than a year prior). Overall yields in the 2.5–3% range make holding costs reasonable, and vacancy rates are low (Mitcham’s vacancy rate is typically under 2%). As an example of demand, one realestate study found Vermont had one of the shortest days on market for rentals  among eastern suburbs in late 2022, partly attributed to families seeking temporary residence for school entry. In summary, the zone offers decent rental returns and reliable tenancy , adding to its appeal for both owner-occupiers and landlords.   Market Trends & Demand:  The Vermont SC zone has experienced increasing demand and robust market activity . Houses here have sold fairly quickly – average ~54 days on market (though up from 39 days previously, indicating perhaps buyers being a bit more deliberate) . Supply has been limited; only ~112 houses sold in Vermont in the last year (–9.7% YoY) , mirroring the citywide listing shortage. Meanwhile, buyer interest remains high. Anecdotally, open inspections in Vermont/Mitcham attract large turnouts of young families. As a consequence, property values in the zone have proved resilient . Even during broader downturns, this area saw flat or modest growth, as evidenced by the slight +2% uptick in Vermont’s median . Now, with the market improving into 2025, Vermont SC zone is poised for further growth. Agents highlight that it’s the relative value play among top school zones  – and as such, as long as Balwyn or McKinnon remain out of reach for many, Vermont will continue drawing those buyers and catching up in price. Additionally, the area benefits from general infrastructure (EastLink freeway access, newly upgraded Eastland shopping nearby, etc.) which bolsters its real estate appeal. In conclusion, the Vermont Secondary zone market is on a strong upward trajectory , fueled by school reputation and affordability. Buyer demand is expected to stay elevated, making this zone one to watch for continued price appreciation and competitive sales. The value pick of top school zones, Vermont SC balances academic strength with affordability. 🔍 Comparison of Key Metrics Across Top 10 Zones (Mid-2025): School Zone (Suburb) Median House Price (YoY) Median Unit/TH Price (YoY) Weekly House Rent House Yield (Gross) Balwyn High（Balwyn North） $2,225,000 (–6.4%) $815,000 (–23.7%) $850 ~2.0% Glen Waverley SC（Glen Waverley） $1,649,000 (–0.9%) $860,000 (+12.9%) $750 ~2.4% McKinnon SC（McKinnon） $1,730,000 (–8.6%) $760,000 (–4.4%) $895 ~2.7% Box Hill High（Box Hill） $1,310,000 (–9.5%) $576,000 (+1.1%) $630 ~2.5% East Doncaster SC（Doncaster East） $1,560,000 (0.0%) $675,000 (–9.6%) $750 ~2.5% Mt Waverley SC（Mt Waverley） $1,560,000 (–0.4%) $947,000 (–0.3%) $720 ~2.4% University High（Parkville） $1,661,000 (–7.5%) $538,000 (+6.3%) $730 ~2.3% Frankston High（Frankston South） $1,150,000 (+9.4%) $713,000 (–5.9%) $650 ~2.9% Canterbury Girls（Canterbury） $3,000,000 (+3.4%) $920,000 (–9.7%) $1,100 ~1.9% Vermont SC（Vermont/Mitcham） $1,251,000 (+2.1%) $929,000 (–15.5%) $630 ~2.6% (Sources: Domain/REIV via Woodards suburb profiles; rents and yields are approximate mid-2025 values derived from median prices and advertised rents . House price changes are year-on-year. “Unit/TH” refers to units and townhouses.) Melbourne’s real estate market continues to be strongly influenced by the performance of its top public school zones. From prestigious inner-city catchments like University High and Canterbury Girls, to value-driven suburbs such as Vermont SC and Frankston High, education quality has become a key driver of property demand and long-term capital growth . As families increasingly prioritize access to high-achieving government schools, the concept of “school zone advantage” now extends beyond private education. Properties within these zones have shown resilience through market cycles and attract both owner-occupiers and savvy investors alike. Looking ahead, limited housing supply, strong enrolment demand, and consistent academic outcomes  ensure that Melbourne’s elite public school zones will remain highly sought after. For many buyers, securing a home in one of these areas is both a smart financial decision and a strategic investment in their children’s future. Disclaimer The information provided in this article is for general informational purposes only and does not constitute investment, financial, legal, or other professional advice . While every effort has been made to ensure the accuracy and completeness of the information presented—based on publicly available data, market reports, and third-party sources—we make no warranties or representations as to its accuracy, timeliness, or suitability for any particular purpose . School rankings, property values, rental yields, and zoning boundaries discussed in this article are subject to change over time . Readers are strongly advised to conduct their own due diligence or consult with licensed professionals  before making decisions related to property purchase, investment, tenancy, or schooling. Neither the company nor the author shall be held liable for any loss or damage incurred as a result of reliance on the content herein. For advice tailored to your specific situation, please seek counsel from qualified real estate agents, education consultants, or legal and tax professionals. References Department of Education Victoria https://www.findmyschool.vic.gov.au/ Better Education Australia – VCE School Rankings https://bettereducation.com.au REIV（Real Estate Institute of Victoria） & Domain Suburb Profile https://reiv.com.au/market-insights https://www.domain.com.au/suburb-profile realestate.com.au Insights https://www.realestate.com.au/insights ABC News / The Age / Herald Sun https://www.abc.net.au/news/2023-11-18/school-zones-property-price-impact Australian Bureau of Statistics（ABS） https://www.abs.gov.au/

Selling your home is a major milestone, but the process doesn’t end once you’ve accepted an offer. There are still important steps to complete before the sale is finalized. Understanding these steps will help you navigate the transition smoothly and avoid unexpected surprises. From contract exchange to settlement, tax implications, and deciding when to buy your next home , here’s everything you need to know about what happens after selling a house. Most home sales take between 30 to 90 days to settle , depending on the contract terms and the buyer’s financing. 1. Exchange of Contracts The exchange of contracts  is the first official step after an offer is accepted. This is when both the buyer and seller sign the contract of sale , making the agreement legally binding. Although the sale is confirmed at this stage, the process is not yet complete. At this point, the buyer also pays a deposit , usually 5-10% of the purchase price . This deposit is held in a trust account  (usually by the real estate agent or conveyancer) until settlement. If the sale occurred at auction, the deposit is typically paid immediately. If it was a private sale, it may take a few days. Once contracts are exchanged, the property is officially off the market , and the legal and financial processes begin. If applicable, the sale enters a cooling-off period  before settlement. Key Takeaways: • Both parties sign the contract , making the sale legally binding. • The buyer pays a deposit , usually 5-10% of the purchase price . • The property is officially taken off the market . • The process moves into either the cooling-off period (if applicable) or straight to settlement . 2. Cooling-Off Period (If Applicable) In some locations, buyers are given a cooling-off period  after signing the contract. This allows them time to reconsider their decision and withdraw if necessary. However, properties sold at auction usually do not have a cooling-off period —auction sales are typically final. If a buyer decides to back out during the cooling-off period, they may have to forfeit a portion of their deposit. The length of this period varies by country and region, but it usually lasts between 2 to 5 business days . For sellers, this period can feel like an uncertain waiting game. However, once the cooling-off period ends, the contract becomes unconditional , and both parties must proceed with the sale. Key Takeaways: • The cooling-off period varies  by location but is usually 2-5 business days . • Buyers can withdraw from the sale  but may forfeit part of their deposit . • Auction sales are final  and typically do not have a cooling-off period. • Once this period ends, the contract is unconditional , meaning the sale must proceed. The standard cooling-off period in Victoria is three days by default  (except for auction sales). 3. Settlement Period (30-90 Days) The settlement period  is the final stage before ownership of the property is legally transferred to the buyer. It usually lasts between 30 to 90 days , depending on the terms agreed upon in the contract. During this time, legal, financial, and administrative tasks are completed. Your conveyancer or solicitor  will handle paperwork, ensuring all legal requirements are met. They will also work with financial institutions to pay off any outstanding mortgage balance  and adjust property rates, taxes, and utilities. Meanwhile, the buyer’s bank will finalize their loan approvals. For sellers, this is the perfect time to plan the move —whether it’s into a new home, a rental, or another arrangement. Packing, hiring movers, and updating your address should be high on your to-do list. Key Takeaways: • The settlement period typically lasts 30-90 days  but can be negotiated. • Your conveyancer finalizes legal paperwork , including the title transfer. • Adjustments are made for property taxes, council rates, and utilities . • If you have a mortgage , your lender will arrange to discharge the loan . • This is the best time to start packing and organizing your move . Staging your home and making minor upgrades can increase its market value , helping you attract more buyers and achieve a higher sale price. 4. Should You Buy Your Next House Before Selling? A common dilemma for sellers is whether to sell their current home first and then buy  or buy first and then sell . Both options have pros and cons, and the best choice depends on your financial situation, market conditions, and personal needs . Option 1: Selling First and Buying Later Many homeowners prefer to sell their property first  before committing to a new home. This approach is safer financially because you know exactly how much money you have from the sale  before purchasing another property. ✅ Pros: • No risk of carrying two mortgages  at once. • You have a clear budget  for your next home. • Less pressure to sell quickly at a lower price . ❌ Cons: • You may need temporary housing  if you haven’t found a new home yet. • If property prices rise after you sell, buying may become more expensive . Real estate agent commissions and legal fees are typically deducted from the final sale proceeds , so sellers should factor in these costs when setting their price expectations. Option 2: Buying First and Selling Later Some sellers choose to buy their next home first  so they can move in immediately and avoid temporary housing. However, this option comes with financial risks, as you may need bridging finance  (a short-term loan) if your existing home doesn’t sell quickly. ✅ Pros: • No need to move twice  or rent a temporary place. • More time to find the perfect home without feeling rushed . ❌ Cons: • You may need bridging finance  (explained below). • If your current home doesn’t sell quickly, you could end up paying two mortgages . 5. What is Bridging Finance and When Do I Need It? Bridging finance is a short-term loan  designed to help homeowners buy a new property before selling their current one. It’s meant to “bridge the gap”  between buying and selling, preventing financial strain during the transition. How Does Bridging Finance Work? • Loan Term:  Usually lasts 6-12 months . • Repayments:  Often interest-only  during the bridging period. • Final Payment:  The loan is repaid once your existing home is sold. When is Bridging Finance a Good Option? ✅ If you’ve found your dream home  and don’t want to miss out. ✅ If you want to move straight into your new home  instead of renting. ✅ If you’re confident your current home will sell quickly . Potential Risks of Bridging Loans ❌ Higher interest rates  than standard home loans. ❌ If your old home takes longer to sell , interest costs can add up. ❌ You may feel pressured to sell quickly , which could result in a lower price. Before taking a bridging loan, it’s a good idea to speak with a financial advisor or lender  to understand the risks and costs. Before taking a bridging loan, it’s a good idea to speak with a financial advisor or lender to understand the risks and costs. Photo Source: Your Mortgage 6. Do I Have to Pay Tax If I Sell My House? One of the most important financial considerations when selling a home is tax implications . The main tax to be aware of is Capital Gains Tax (CGT) , which applies when you make a profit from selling a property. However, tax laws vary by country, and in many cases, primary residences are exempt  from CGT. Capital Gains Tax – Do You Have to Pay? • Primary Residence Exemption:  If your home was your main residence , you’re often exempt from CGT  in many countries, including the U.S., U.K., and Australia. • Investment Properties:  If you’re selling an investment property , you may be required to pay CGT on any profit made. • Time-Based Discounts:  In some countries, if you’ve owned the property for more than 12 months , you may qualify for a partial tax discount . How to Minimize Tax When Selling Property ✅ Keep records of renovation expenses , as they may reduce your taxable gain. ✅ If selling an investment property, consider timing the sale  in a year when your income is lower. ✅ Speak with a tax professional  to check if you qualify for CGT exemptions or reductions. Capital Gains Tax (CGT) does not apply if the property was your primary residence , but investment properties may be subject to taxation. Selling a home is a journey, and while it may seem overwhelming, having a clear roadmap makes it much easier. From signing contracts and settling legal matters to deciding on your next property purchase and understanding tax obligations, every step is crucial. If you’re planning to sell your home or need guidance on settlement, tax implications, or buying your next property , reach out to us Core Elite Real Estate Agents for expert advice. A smooth transition starts with being informed and prepared! References 1. Australian Taxation Office (ATO) – Capital Gains Tax (CGT) • https://www.ato.gov.au/General/Capital-gains-tax/ 2. MoneySmart – Bridging Finance (Glossary) • https://moneysmart.gov.au/glossary/bridging-finance 3. Consumer Affairs Victoria – Buying and Selling Property • https://www.consumer.vic.gov.au/housing/buying-and-selling-property/selling-property 4. NSW Fair Trading – Buying and Selling Property • https://www.fairtrading.nsw.gov.au/housing-and-property/buying-and-selling-property 5. Queensland Government – Buying Property in Queensland • https://www.qld.gov.au/housing/buying-owning-home/buying-property 6. Real Estate Institute of Australia (REIA) – Australian Real Estate Market & Guidelines • https://reia.asn.au/ 7. Mortgage Choice – Home Buying and Selling Guide • https://www.mortgagechoice.com.au/ Disclaimer This article is intended for informational purposes only  and does not constitute legal, financial, or tax advice. The information provided is based on general guidelines and publicly available resources, which may not be applicable to your specific situation. Laws, regulations, and financial policies regarding property sales, capital gains tax, and mortgage financing vary by region and may change over time. Before making any real estate, financial, or legal decisions, it is highly recommended that you consult with a licensed real estate professional, financial advisor, accountant, or legal expert  to ensure that you receive personalized advice tailored to your circumstances. Neither the author nor this platform is responsible for any decisions made based on the information provided in this article.

Selling a property is a significant decision that involves multiple key aspects, such as choosing the right sales method, assessing market value, understanding transaction costs and tax obligations, working with a real estate agent, preparing your property for sale, and handling contracts and legal requirements. For many sellers, the complexity of the process can bring uncertainty and challenges, making it essential to have clear industry insights and practical guidance. This FAQ guide is designed to provide you with comprehensive professional advice to help you navigate the selling process smoothly. Covering everything from fundamental knowledge to specific steps, our guide addresses common questions you may encounter and offers clear answers and practical solutions. Whether you are a first-time seller or an experienced homeowner, we hope this guide will support your decision-making and make your selling journey more transparent, efficient, and successful. 1. Understanding the Selling Process What are the different methods of selling a property? ​ The three most common methods of selling a property in Australia are: Private Treaty (Private Sale):  You set an asking price, and buyers negotiate with you or your agent. Auction:  A public bidding process where the highest bidder (if above the reserve price) secures the property. Expressions of Interest (EOI) or Tender:  Buyers submit offers by a set date, and the vendor selects the best offer.   How do I sell my property at auction? Choose a real estate agent and sign an auction agency agreement. Set a reserve price (the minimum amount you are willing to accept). Prepare the property and market it before auction day. On auction day, if bidding meets or exceeds the reserve price, the highest bidder wins. The winning buyer signs the contract and pays a deposit immediately. ​ What is a sales agency agreement? ​ A  sales agency agreement  is a contract between you and a real estate agent that gives them the right to market and sell your property. It specifies: The agent’s commission and fees . The agreed-upon sale method (private sale, auction, etc.). The duration of the agreement. ​ Can I sell my house without an agent in Victoria? ​ Yes , this is called  For Sale By Owner (FSBO) . However, you will still need to: Conduct your own marketing. Arrange legal contracts and disclosures. Negotiate with buyers directly. Manage the settlement process. ​ How long does it typically take to sell a house? ​ It depends on market conditions, location, and pricing . On average: A well-priced home in a good market can sell in  30–60 days . Properties in slow markets may take  3–6 months or longer . Auction is one of the most popular property selling methods, especially during a hot market. 2. Costs, Fees & Financial Considerations How much will it cost to sell my property?   The costs of selling typically include: Agent commission :  1.5%–3% of the sale price. Marketing costs :  $2,000–$10,000 (advertising, photography, staging). Legal fees :  $800–$2,500 (conveyancing, contracts). Auctioneer fees :  $400–$1,000 (if selling at auction). Home preparation costs:  Varies (repairs, painting, cleaning). ​ What are the tax implications of selling my property? Capital Gains Tax (CGT):  If it’s an investment property , you may need to pay CGT on the profit. Exemptions:  If the property was your primary residence , you may be exempt from CGT. 3. Choosing & Working with a Real Estate Agent How do I know I can trust my real estate agent? Check their license and credentials. Read client reviews and testimonials. Ensure they provide a clear marketing strategy. What are the responsibilities of an estate agent to the seller? Pricing and marketing the property. Conducting inspections and negotiating offers. Managing contracts and legal paperwork. When selling your own house, choosing the right agent can make the process much more efficient and effective. 4.Property Presentation & Inspections Why is decluttering important before an open house? Decluttering makes the home appear larger, cleaner, and more appealing to buyers.   Is a professional building inspection necessary before selling? It’s not mandatory, but having a pre-sale inspection can help identify issues early and prevent buyer negotiations on repairs. ​ 5. Legal & Contractual Aspects What does the contract process involve? The buyer makes an offer. The vendor accepts and signs the contract. The buyer pays a deposit. The settlement process begins. ​ What is a vendor’s statement (Section 32)? A legal document that discloses key property details, including title, zoning, and any legal restrictions. ​ What is the settlement period? The time between signing the contract and the buyer taking ownership ( usually 30–90 days ). ​ What is the cooling-off period? A period ( usually 3 days ) where the buyer can withdraw from the contract after signing. One of the most important preparations before selling your house, besides choosing the right agent, is hiring a good lawyer to review your legal documents. 6. Can I sell my property while it is currently leased? Yes, in Victoria, you can sell a property that is currently leased. The terms of the existing tenancy agreement will influence the sale process: ​ • Fixed-Term Lease: If your tenants are on a fixed-term lease, they have the right to remain in the property until the lease expires. The new owner will assume the role of landlord and must honor the existing lease terms.  You must provide tenants with at least 28 days’ written notice before put on selling. ​ ​ • Periodic Lease (Month-to-Month): If the lease is periodic, you must provide tenants with at least 60 days’ written notice to vacate if the property is sold and the buyer requires vacant possession.  7. What happens if my property doesn’t appraise for the agreed-upon sale price? If your property appraises for less than the agreed-upon sale price, several outcomes are possible: ​ • Renegotiation: The buyer may request to renegotiate the sale price based on the appraisal. ​ • Financing Challenges: I f the buyer’s financing is contingent on the appraisal, a lower appraisal may affect their ability to secure a loan, potentially jeopardizing the sale. ​ • Contractual Clauses: Review your contract for any clauses related to appraisal values, as they can dictate the next steps.   It’s advisable to consult with your real estate agent or legal advisor to navigate this situation effectively. 8.  My agent is recommending I invest in painting and improving the frontage. Is it worth spending money before selling? Investing in cosmetic improvements like painting and enhancing the property’s frontage can significantly boost its curb appeal , potentially leading to a h igher sale price and a quicker sale. First impressions are crucial; a well-maintained exterior can attract more buyers . However, it’s essential to balance the cost of these improvements against the expected return. Consult with us  to determine which enhancements will provide the best return on investment in your local market. 9. My buyer wants to conduct a pre-settlement inspection even though they’ve already visited the property. Should I agree? Yes , it’s standard practice for buyers to conduct a pre-settlement (or final) inspection . This inspection ensures that the property is in the same condition as when the sale contract was signed and that any agreed-upon repairs have been completed. Accommodating this request demonstrates good faith and can help prevent potential disputes at settlement. When selling a house, the first impression it gives to buyers is crucial, as it determines both the price and the speed of the sale. 10. What are vendor and co-owner bids? In Victoria, during property auctions, certain bidding practices are regulated: ​ • Vendor Bids: These are bids made by the auctioneer on behalf of the seller to encourage bidding momentum. The auctioneer must announce when a bid is a vendor bid.  ​ • Co-Owner Bids: If a property is jointly owned, one or more of the owners who genuinely wish to purchase the property can bid during the auction. Co-owners may bid themselves or through a representative but cannot bid through the auctioneer.  11. What are conditional offers, and how do they work? A conditional offer is a purchase offer that includes specific conditions that must be met for the sale to proceed. Common conditions include: ​ • Subject to Finance: The buyer’s offer is contingent upon securing suitable financing. If they cannot obtain a loan, they can withdraw from the contract without penalty. ​ • Subject to Sale: The buyer’s offer depends on selling their current property. If they don’t sell it within an agreed timeframe, they can exit the contract. ​ • Subject to Building Inspection: The offer is conditional upon a satisfactory building inspection. If significant issues are discovered, the buyer can negotiate repairs, a price reduction, or withdraw from the sale. ​ These conditions protect buyers from unforeseen issues and provide an exit strategy if specific requirements aren’t met. 12. Is now the right time to sell my property? Market conditions can vary based on numerous factors , including location , economic climate , and seasonal trends . As of January 2025, Melbourne has experienced a decrease in auction volumes compared to previous years, which may indicate shifting market dynamics .  It’s essential to consult with us who can provide insights into current market conditions in your area and help determine the optimal time to sell. A good property is always in high demand, regardless of the time period. 13. How can I add value to my property before selling? To enhance your property’s value before selling, consider the following: ​ • Cosmetic Upgrades: Fresh paint, modern fixtures, and updated flooring can make the property more appealing. ​ • Curb Appeal: Landscaping, clean exteriors, and an inviting entrance can create a positive first impression. ​ • Minor Repairs: Fix leaky faucets, broken tiles, or any visible wear and tear to present a well-maintained home. ​ • Declutter and Stage: A tidy, well-staged home allows buyers to envision themselves in the space.   Focus on improvements that offer a good return on investment and appeal to a broad range of buyers. 14.  Is it worth upgrading my home before putting it on the market? Upgrading your home can increase its market value , but it’s crucial to consider the c ost versus the potential return . Not all upgrades yield a high return on investment. It’s advisable to consult with us  to identify which upgrades are most likely to enhance your property’s value in your specific market. Get a FREE property appraisal report from Core Elite Real Estate ! Our expert team will provide you with an in-depth market analysis and personalized recommendations to maximize your property’s value. Selling a property involves several key steps, from choosing the right sales method and understanding costs and taxes to working with a real estate agent, preparing your home for sale, and handling contracts and legal requirements. This FAQ guide provides expert insights on the selling process, market strategies, legal obligations, and transaction details to help you achieve a smooth and profitable sale. Whether you’re a first-time seller or experienced in the market, our guide offers practical information to make your transaction more transparent, efficient, and successful. Disclaimer This “Selling Property – Frequently Asked Questions (FAQs)”  guide is intended to provide general real estate knowledge and information to help sellers better understand the property transaction process. However, the content provided in this document is for reference purposes only and does not constitute legal, financial, or professional real estate advice. The real estate market is influenced by various factors, including but not limited to economic conditions, policies and regulations, and market demand, which means information may change over time. We strongly recommend consulting with a professional real estate agent, lawyer, accountant, or relevant expert before making any real estate transaction decisions to receive personalized advice tailored to your specific circumstances. Our company assumes no responsibility for any direct or indirect losses arising from the use or reliance on the contents of this document, including but not limited to financial losses, legal disputes, or transaction failures. If you have any concerns or require further assistance, please seek professional advice.

Attending an open house is an exciting step in the home-buying journey, but it’s important to look beyond the aesthetics and evaluate the property carefully. A house might seem perfect at first glance, but hidden issues could lead to costly repairs or an inconvenient living situation. To make an informed decision, here’s a detailed checklist  of things to inspect at an open house before making an offer. Source: Cornerstone Home Inspection 1. Structural Integrity & Exterior The structure of the house  is one of the most critical aspects to check. A solid foundation and well-maintained exterior ensure long-term durability and prevent costly renovations. ✔ Cracks in walls or ceilings  – Small cracks might be cosmetic, but large or widening cracks could indicate serious structural problems. ✔ Roof condition  – Look for sagging areas, missing tiles, or signs of water damage, as roof repairs can be expensive. ✔ Windows and doors  – Test them to ensure they open and close smoothly without sticking or gaps that let in drafts. ✔ Drainage and gutters  – Blocked or damaged gutters can lead to water pooling around the foundation, causing long-term damage. 💡 Tip:  Bring a flashlight to check dark corners and under sinks for signs of hidden cracks or dampness. 2. Water Damage & Mould Water damage can lead to costly repairs and health issues. It’s crucial to check for leaks, dampness, and mould growth, which can indicate poor ventilation or plumbing problems. ✔ Water stains on ceilings and walls  – Brown stains or bubbling paint may be signs of previous or ongoing leaks. ✔ Mould or mildew  – A musty smell or black spots in bathrooms, kitchens, and basements could indicate moisture problems. ✔ Water pressure  – Turn on taps and showers to test water flow and check if drains are slow or clogged. ✔ Roof leaks  – Look for any discoloured patches on the ceiling, as they might indicate past leaks that haven’t been properly fixed. 💡 Tip:  Open cupboards under sinks to check for leaks or damp smells that could indicate plumbing issues. Structural problems, water damage, electrical faults, or pest infestations may not be immediately noticeable but can lead to costly repairs in the future. 3. Electrical & Plumbing Systems Faulty electrical or plumbing systems can be expensive to repair. Since these issues may not be immediately visible, testing them during an inspection is essential. ✔ Power outlets & switches  – Plug in your phone charger to test if outlets are working. ✔ Circuit breakers  – Ask about the age and condition of the electrical panel to ensure it meets safety standards. ✔ Hot water system  – Find out how old the water heater is and whether it provides sufficient hot water. ✔ Drains and pipes  – Listen for gurgling noises when running water, as this could indicate blockages. 💡 Tip:  If you’re serious about a property, consider hiring a professional to inspect the electrical and plumbing systems before committing to the purchase. 4. Noise & Surroundings A house might seem peaceful during an inspection, but it’s important to consider external noise and future developments in the area. ✔ Traffic noise & neighborhood activity  – Visit at different times of the day to check for noise from roads, trains, or nearby schools. ✔ Proximity to amenities  – Check how close the property is to public transport, shops, schools, and medical facilities. ✔ Nearby construction projects  – Look for signs of future developments that may impact noise levels or property value. ✔ Neighbors & privacy  – Observe if the house provides enough privacy or if it’s too close to neighboring properties. 💡 Tip:  Use online tools to check for upcoming infrastructure projects that might affect your living environment. Checking for stains on ceilings, musty smells, and damp areas in bathrooms or basements can help identify leaks or ventilation issues before purchasing. 5. Pest Infestations Pest problems can be a nightmare to deal with and may require costly extermination services. Look for early signs of infestations. ✔ Termite damage  – Knock on wooden surfaces to check for hollowness, which could indicate termite activity. ✔ Rodent droppings  – Check kitchen cupboards, basements, and corners for signs of pests. ✔ Ants and cockroaches  – Look for live insects or trails near food storage areas. ✔ Wasp nests or bee hives  – Check eaves, balconies, and outdoor spaces for unwanted nests. 💡 Tip:  If you suspect pests, ask the agent for details about past pest control treatments. 6. Storage & Space Even if a house looks spacious, it’s important to check if it meets your storage and functionality needs . ✔ Closet and cupboard space  – Open wardrobes, kitchen cabinets, and storage areas to ensure they’re practical for your needs. ✔ Garage and parking space  – Measure if your car will fit and check for additional storage areas. ✔ Room sizes & layout  – Bring a tape measure to check if your furniture will fit comfortably. 💡 Tip:  Consider your long-term needs—will the space accommodate your lifestyle in the years to come? If major defects are found, buyers can use the inspection report to renegotiate the price, request repairs, or reconsider their purchase decision altogether. 7. Natural Light & Ventilation A well-lit and well-ventilated home contributes to comfort and energy efficiency. ✔ Window positioning  – Look for natural light in key areas such as living rooms and bedrooms. ✔ Airflow  – Check if windows can be opened for cross-ventilation, especially in kitchens and bathrooms. ✔ Heating & cooling systems  – Ask about the age and efficiency of air conditioning and heating systems. 💡 Tip:  Visit at different times of the day to see how much sunlight each room gets. 8. Legal & Safety Considerations Before making an offer, ensure the home complies with legal and safety regulations . ✔ Building permits & approvals  – Check if any renovations or extensions were done legally with council approval. ✔ Smoke detectors & safety exits  – Ensure the property meets fire safety requirements. ✔ Strata fees & restrictions  (for apartments) – Understand ongoing costs and rules associated with the property. 💡 Tip:  A professional building inspection can confirm if the house meets safety and legal standards. Some inspections focus only on structural integrity and plumbing, so if termites or rodents are a concern, it’s advisable to book a separate pest inspection. Final Thoughts Attending an open house is more than just admiring the design and layout—you need to check for potential hidden problems  that could cost you in the long run. By focusing on structural integrity, plumbing, electrical systems, storage, natural light, and legal considerations , you’ll be in a better position to make an informed decision. Taking notes, asking the agent key questions, and bringing a checklist  can help ensure you don’t miss any important details. If you’re serious about a property, consider hiring a professional inspector  to conduct a thorough assessment before making an offer. By doing your due diligence, you’ll increase the chances of finding a home that’s not only beautiful but also safe, functional, and a great long-term investment . Thinking of Buying a Home? If you’re preparing to buy a property and need professional advice on inspections, mortgage options, or legal requirements , feel free to get in touch with our real estate expert today ! 🚀 References 1. Consumer Affairs Victoria – Buying and Selling Property • https://www.consumer.vic.gov.au/housing/buying-and-selling-property/selling-property 2. NSW Fair Trading – Buying and Selling Property • https://www.fairtrading.nsw.gov.au/housing-and-property/buying-and-selling-property 3. Real Estate Institute of Australia (REIA) – Property Buying and Selling Advice • https://reia.asn.au/ Disclaimer This article is for informational purposes only  and should not be considered legal, financial, or real estate advice. While we strive to provide accurate and up-to-date information, regulations regarding property inspections, transactions, and legal requirements may vary by location and change over time. Readers are strongly encouraged to consult licensed real estate professionals, building inspectors, financial advisors, or legal experts  before making any property-related decisions. The author and this platform are not responsible for any decisions or actions taken based on the information provided in this article.

Choosing the right type of property is a crucial decision when buying a home. Different types of properties cater to different needs, and whether you’re purchasing for personal residence or investment, making the right choice can maximize your benefits and enhance your lifestyle. Here’s an analysis of apartments, townhouses, and standalone houses to help you make an informed decision. 1. Apartments Features: Apartments are typically located in central or high-demand areas, offering affordability and low maintenance. Most come with shared facilities such as gyms, pools, or parking. Ideal for: • Singles or Young Couples:  Apartments near workplaces and public transport suit urban lifestyles. • Investors:  High rental demand in city locations makes apartments a reliable choice for steady rental income. • International Students and Professionals:  Proximity to schools, businesses, and amenities provides convenience. Pros: • More affordable with lower initial costs. • Low maintenance needs with access to shared facilities. • Convenient locations near public transport, dining, and shopping centers. Cons: • Limited space, which may not suit families. • Less privacy due to shared walls and communal areas. • Lower long-term capital growth compared to land-based properties. 2. Townhouses Features: Townhouses blend features of apartments and standalone houses. They usually have multiple levels, private entrances, and small gardens or garages while sharing walls with neighboring units. Ideal for: • Small Families:  Provides more space than apartments while being easier to maintain than standalone houses. • Budget-Conscious Buyers Needing More Space:  Offers a balance between size and affordability. • Long-Term Residents:  Comfortable for establishing a stable lifestyle in a community-oriented environment. Pros: • Larger than apartments with private outdoor spaces. • More affordable than standalone houses. • Strong community atmosphere, with some townhouses offering shared amenities. Cons: • Shared walls can compromise privacy. • May involve body corporate fees for maintaining shared spaces. • Smaller land area, which limits long-term capital growth potential. 3. Standalone Houses Features: Standalone houses are detached properties situated on their own land. They offer maximum privacy, larger living spaces, and outdoor areas like gardens or yards. Ideal for: • Large Families:  Provides ample space and independence for family living. • Privacy Seekers:  No shared walls, ensuring a quiet and private lifestyle. • Long-Term Investors:  Full land ownership allows for higher potential capital appreciation. Pros: • Spacious living areas and more room for customization. • Full ownership of both land and property offers higher investment potential. • Strong privacy and independence. Cons: • Higher purchase price and initial costs. • Maintenance responsibilities, including repairs and landscaping. • Often located in suburban areas, leading to longer commutes. How to Choose the Best Property Type for You? Choosing the right property depends on the following key factors: 1. Budget:  Ensure you choose a property type that aligns with your financial situation. 2. Lifestyle:  Consider your need for convenience, space, and privacy when making a decision. 3. Investment Goals:  If purchasing for investment, evaluate rental yield, capital growth potential, and maintenance costs. 4. Future Plans:  Take into account your long-term needs, such as family size or career changes. Conclusion Whether you choose an apartment, townhouse, or standalone house, each type of property has its unique advantages and drawbacks. Understanding your needs, combined with your budget, location preferences, and long-term goals, will help you choose the perfect property. If you have any questions about property selection, feel free to contact our team. Core Elite Real Estate is here to provide professional advice and support! Disclaimer This article provides general information and does not constitute financial, legal, or investment advice. Figures and trends mentioned are based on current data and are subject to change. Please consult with qualified professionals or refer to authoritative sources, such as CoreLogic or the Australian Bureau of Statistics, for specific advice. Core Elite Real Estate is not responsible for decisions made based on this content.

Buying a property is a significant decision. Whether it’s for personal residence or investment, thorough research and planning are essential. Many buyers face challenges due to inexperience or lack of information. Here are some key points to consider before buying a property to help you prepare and avoid unnecessary risks. 1. Define Your Buying Goals Before starting your property search, it’s crucial to clarify your goals. Consider the following: • Is it for personal use or investment? For personal use, prioritize convenience and preferences. For investment, focus on rental income and capital growth potential. • Is it a short-term or long-term plan? For long-term ownership, the property’s appreciation potential is essential. For short-term ownership, market fluctuations and resale feasibility should be considered. • What’s your budget? Determine a clear budget range based on your income and loan eligibility. 2. Understand the Market Researching the real estate market is crucial, especially for the area you’re interested in. Focus on the following: • Price Trends:  Study the historical price trends in your target area to assess whether the market is in an upward phase. • Rental Market:  For investment properties, analyze rental demand and rent levels. • Supply and Demand:  Look at the supply of listings and the demand in the area to gauge market competitiveness. Useful resources for market information include: • Real estate platforms like Realestate.com.au or Domain. • Research reports from CoreLogic and other professional institutions. • Local auction results. 3. Choose the Right Property Type The type of property you choose significantly impacts your experience and future returns. Common property types include apartments, townhouses, and standalone houses. Each has unique features and caters to specific needs: • Apartments:  Ideal for budget-conscious buyers or those seeking city convenience. • Townhouses:  Offer more space while being easier to maintain than standalone houses. • Standalone Houses:  Perfect for those needing more privacy and space, with higher appreciation potential. Choose the property type that best suits your needs and lifestyle. 4. Financial Preparation Buying a property involves significant financial preparation, not just for the purchase price but also for additional expenses. Key costs to consider: • Down Payment:  Typically 20% of the property price, depending on loan policies. • Stamp Duty:  A major cost based on the property value. • Loan Costs:  Include application fees, interest rates, and monthly repayments. • Other Expenses:  Property inspections, legal fees, moving costs, etc. When discussing loans with lenders, understand all details and set aside emergency funds for unforeseen situations. 5. Property Inspections Thorough property inspections are essential to ensure the property’s condition meets expectations. These include: • Structural Checks:  Look for cracks, leaks, or other damage. • Pest Inspections:  Check for termites or other infestations. • Repair Costs:  Evaluate whether significant renovations or repairs are required. If there are issues, you may negotiate with the seller to cover some of the repair costs. 6. Legal and Contract Details Property transactions involve numerous legal and contractual terms. Before signing any agreements, thoroughly review them and consult professionals: • Ownership Type:  Ensure you understand the property’s ownership type (e.g., freehold or strata title). • Contract Terms:  Ensure the terms of the sales contract are favorable, especially regarding payments, settlements, and penalties. • Restrictions and Regulations:  Learn about zoning rules, land usage, and any restrictions that may impact your plans. Seek assistance from a lawyer or legal advisor to review the contract and avoid future disputes. 7. Long-Term Potential Whether for personal use or investment, the property’s long-term potential is vital: • Appreciation Potential:  Choose areas with strong growth prospects, such as developing neighborhoods or popular school zones. • Resale Demand:  Consider the property’s competitiveness in the resale market. • Adaptability:  Assess whether the property can meet your future lifestyle or investment goals. Conclusion Buying a property is a major investment. Understanding the market, clarifying your needs, preparing financially, and seeking professional advice are the keys to a successful purchase. Whether you’re a first-time buyer or an experienced investor, these insights can help you make a more informed decision. If you have any questions or need professional assistance, feel free to contact us. Core Elite Real Estate is here to provide expert guidance and support, ensuring your property-buying journey is smooth and rewarding! Disclaimer This article provides general information and does not constitute financial, legal, or investment advice. Figures and trends mentioned are based on current data and are subject to change. Please consult with qualified professionals or refer to authoritative sources, such as CoreLogic or the Australian Bureau of Statistics, for specific advice. Core Elite Real Estate is not responsible for decisions made based on this content.

The Melbourne property market in 2024 is experiencing significant changes. Whether you’re a first-time buyer or an experienced investor, this is an important time to pay attention to market trends. Below is an overview of the latest developments in Melbourne’s real estate landscape to help you make informed decisions. 1. Property Price Trends According to recent data, Melbourne’s property prices increased by 0.5%  in October 2024, with the median price reaching $793,000 . While annual growth has been relatively flat, with a slight decline of 0.07% , Melbourne remains one of the most affordable major cities in Australia. Experts forecast a 3% to 6%  increase in median prices for the 2025 financial year, equating to a rise of approximately $27,000 to $55,000 . This growth is attributed to Melbourne’s relative affordability compared to Sydney and potential tax incentives. 2. Record-High Property Listings Melbourne’s property supply hit a 12-year high  in 2024. The number of new listings in September and October increased by 16% year-on-year , giving buyers more options than ever before. With auction clearance rates hovering around 50% , the rise in supply has reduced pressure on buyers, creating a favorable environment for negotiation and exploration. 3. Investment Potential Melbourne is currently regarded as a “bargain zone” in Australia’s real estate market, making it attractive for investors. Compared to other cities, Melbourne’s property prices are stable, and the market presents opportunities for significant long-term returns. Emerging areas in the northern and western growth corridors, supported by new infrastructure projects, are becoming investment hotspots. These regions are ideal for investors looking to capitalize on future growth potential. 4. Buyer Sentiment and Market Outlook While the market is showing signs of recovery, buyer sentiment remains impacted by rising living costs  and reduced borrowing power . However, experts predict that as economic conditions improve and interest rates potentially decline, Melbourne’s property market will experience a stronger recovery. Additionally, Melbourne’s newly developed infrastructure, including schools, metro lines, and shopping centers, will further enhance property appeal and value. Conclusion Melbourne’s property market is in a phase of adjustment and recovery. Whether you’re buying for personal residence or investment, the current increase in supply and price affordability offers excellent opportunities for buyers. With ongoing market recovery and infrastructure improvements, Melbourne’s real estate market is poised for long-term growth. If you’re interested in Melbourne’s property market, feel free to reach out to Core Elite Real Estate . Our professional team is here to provide you with the latest insights and personalized advice to make your property journey seamless. References • Melbourne homes for sale hit whopping 12-year high • Melbourne homes set for $55k lift in record boom • Melbourne cops biggest home price fall of mainland capitals Disclaimer This article provides general information and does not constitute financial, legal, or investment advice. Figures and trends mentioned are based on current data and are subject to change. Please consult with qualified professionals or refer to authoritative sources, such as CoreLogic or the Australian Bureau of Statistics, for specific advice. Core Elite Real Estate is not responsible for decisions made based on this content.

Australia’s interest rate policy plays a critical role in shaping the economy and the real estate market. As of November 2024, the Reserve Bank of Australia (RBA) has maintained the cash rate at 4.35% , the highest level in 13 years. This decision is aimed at managing persistent inflation pressures while ensuring economic stability. Here’s an in-depth look at the current interest rate environment, forecasts from major banks, and its implications for the real estate market. 1. Current State of Interest Rates in Australia Australia’s cash rate currently stands at 4.35% , following a series of rate hikes since late 2022 to combat rising inflation. This elevated rate has significantly impacted borrowing costs, housing demand, and overall market activity. • Inflation Pressure:  While the overall inflation rate is gradually declining, core inflation (excluding volatile factors like energy and food) remains above the RBA’s target range of 2%-3%. • Strong Labor Market:  The unemployment rate remains low at 3.6% , reflecting a robust labor market. This economic resilience has supported the RBA’s decision to keep rates high. 2. Major Banks’ Interest Rate Forecasts While rates remain high, most major banks predict the RBA will begin cutting rates in 2025. Here’s what they forecast: • National Australia Bank (NAB): NAB has delayed its forecast for the first rate cut from February 2025 to May 2025, citing strong labor market performance and persistent core inflation. • Commonwealth Bank of Australia (CBA): CBA expects the RBA to start cutting rates as early as December 2024  and forecasts a total reduction of 125 basis points  by the end of 2025. • Westpac: Westpac predicts the first rate cut will occur in Q1 2025 , likely in February or March, aligning with broader economic stabilization. These forecasts highlight a cautious optimism for monetary easing, dependent on inflation trends and economic conditions. 3. Impact on the Real Estate Market The current high-interest environment has had a profound effect on Australia’s real estate market, especially in the following areas: Decline in Housing Demand • Rising borrowing costs have reduced buyers’ purchasing power. • Higher mortgage repayments have deterred many first-time buyers and upgraders from entering the market. Slower Property Price Growth • The pace of property price increases has slowed, particularly in major cities like Melbourne and Sydney. For example, Melbourne property prices grew by just 0.5%  in October 2024, with annual growth remaining flat. • Melbourne has also seen a record-high property supply, with listings reaching a 12-year peak , giving buyers more negotiating power. Reduced Investor Activity • Higher interest rates have diminished rental yields and reduced the attractiveness of property investments compared to low-risk alternatives like term deposits or bonds. 4. Opportunities with Future Rate Cuts As interest rate cuts loom on the horizon, the Australian real estate market is poised for a potential rebound. Here are some of the likely impacts: • Improved Borrowing Power:  Lower rates will reduce mortgage costs, enabling more buyers to re-enter the market, particularly younger families and first-home buyers. • Boost in Market Confidence:  Lower rates will restore confidence among buyers and investors, driving market activity. • Property Price Recovery:  Increased demand could lead to a rise in property prices, especially in high-demand areas with limited supply. 5. Strategies for Buyers and Investors To navigate the current high-interest environment and prepare for future opportunities, consider the following strategies: • Stay Informed:  Regularly monitor RBA announcements and major banks’ forecasts to make timely decisions. • Focus on High-Value Locations:  Look for properties in areas with strong long-term growth potential, such as Melbourne’s northern and western growth corridors. • Budget Carefully:  Ensure flexibility in your financial planning to accommodate potential rate changes. • Seek Professional Advice:  Work with real estate agents or financial advisors to gain insights tailored to your goals. Conclusion Australia’s interest rate policy is at a critical juncture. While high rates have temporarily dampened the real estate market, they have also set the stage for potential recovery as rate cuts become more likely. Buyers and investors should take advantage of the current environment of ample supply and stable prices while positioning themselves for future market growth. As the economy stabilizes and inflation eases, Australia’s real estate market is expected to rebound, offering exciting opportunities for buyers and investors alike. References • Reserve Bank keeps rates steady amid inflation pressures • NAB delays rate cut forecast to May 2025 • CBA forecasts first rate cut in December 2024 • Westpac sees rate cut in Q1 2025 • How inflation and employment shape RBA’s decisions Disclaimer This article provides general information and does not constitute financial, legal, or investment advice. Figures and trends mentioned are based on current data and are subject to change. Please consult with qualified professionals or refer to authoritative sources, such as CoreLogic or the Australian Bureau of Statistics, for specific advice. Core Elite Real Estate is not responsible for decisions made based on this content.

Melbourne’s real estate market is one of the most dynamic and diverse in Australia, attracting buyers from various backgrounds with unique preferences. Understanding who these buyers are and where they prefer to buy can offer valuable insights into the city’s housing trends and opportunities. Here’s a detailed breakdown of Melbourne’s key buyer demographics and their favored areas. 1. First-Time Homebuyers Profile: First-time buyers are usually young professionals or newly established families entering the property market for the first time. Budget constraints often influence their choices, and affordability is a primary consideration. Preferred Areas: • Western and Northern Growth Corridors : Suburbs such as Werribee , Tarneit , and Craigieburn  are popular for their relatively low property prices and new housing developments. These areas also benefit from significant infrastructure upgrades, including transport links and schools, making them ideal for budget-conscious buyers. • Outer Suburbs : Melton  and Point Cook  are also attractive due to their family-friendly communities and value for money. Why They Buy Here: • Affordable house-and-land packages. • Proximity to emerging infrastructure. • A chance to get a foothold in Melbourne’s property market. 2. Upgraders Profile: Upgraders are homeowners looking to move to larger homes or better locations to accommodate growing families or improve their lifestyle. Preferred Areas: • Eastern and Southeastern Suburbs : Areas such as Glen Waverley , Doncaster , and Camberwell  are highly sought after for their top-rated schools, safe neighborhoods, and strong community amenities. • Family-Friendly Suburbs : Bentleigh East , Mulgrave , and Mount Waverley  are also popular among families looking for more space. Why They Buy Here: • Proximity to top-performing schools and education zones. • Established neighborhoods with high-quality amenities. • Prestige and long-term capital growth potential. 3. Investors Profile: Investors, both local and international, are drawn to properties with strong rental yields and long-term appreciation potential. They look for areas that attract tenants, such as students, professionals, or families. Preferred Areas: • Inner City and CBD : Southbank , Docklands , and Melbourne CBD  are hotspots due to their high rental demand, especially among students and professionals. • Growth Suburbs : Emerging suburbs like Tarneit , Wyndham Vale , and Rockbank  offer opportunities for capital growth and steady rental income. Why They Buy Here: • Access to stable rental markets and tenant demand. • Future growth potential in developing suburbs. • Proximity to universities and business districts. 4. Downsizers and Rightsizers Profile: Downsizers are typically older adults or retirees looking to reduce maintenance responsibilities by moving to smaller homes, while rightsizers seek properties that better suit their changing lifestyles. Preferred Areas: • Inner Suburbs : South Melbourne , Southbank , and Albert Park  are appealing for their proximity to healthcare facilities, public transport, and cultural hubs. • Coastal Suburbs : Areas like Mornington Peninsula  and Brighton  attract retirees who prioritize lifestyle and scenic views. Why They Buy Here: • Convenience and access to essential services. • Smaller, easier-to-manage homes or apartments. • Coastal and vibrant community living. 5. Overseas Buyers Profile: Overseas buyers, particularly from Asia, invest in Melbourne properties for various reasons, such as securing assets, providing homes for their children studying in Australia, or benefiting from the city’s stable real estate market. Preferred Areas: • Prestige Suburbs : High-end areas like Toorak , South Yarra , and Brighton  are favored for their luxurious homes and proximity to elite schools. • Education Hubs : Suburbs like Box Hill  and Balwyn  attract international buyers due to their strong Asian communities and renowned schools. Why They Buy Here: • Melbourne’s reputation as a safe and stable investment destination. • Access to world-class education facilities. • Strong cultural ties in certain suburbs. 6. Young Professionals Profile: Young professionals are typically singles or couples seeking vibrant, urban living with easy access to work and entertainment. Preferred Areas: • Inner City Suburbs : Suburbs like Richmond , Fitzroy , and Collingwood  are popular for their trendy cafes, nightlife, and proximity to Melbourne CBD. • Apartment Living : Areas such as Southbank  and Docklands  offer high-rise living with spectacular views and modern amenities. Why They Buy Here: • Lifestyle-oriented locations with entertainment and dining options. • Convenience for commuting and social activities. • Apartments that fit their budget and urban lifestyle. 7. Families Profile: Families prioritize space, safety, and access to quality schools. Many are drawn to areas with established infrastructure and a sense of community. Preferred Areas: • Eastern Suburbs : Balwyn , Kew , and Hawthorn  are among the most desirable areas for families due to their exceptional schools and parks. • Newer Suburbs : Family-friendly areas like Cranbourne North  and Point Cook  also provide larger homes and outdoor spaces at a more affordable price. Why They Buy Here: • Access to quality education and childcare. • Spacious homes with outdoor areas. • Established neighborhoods with strong community support. Conclusion Melbourne’s diverse buyer demographics reflect the city’s multifaceted appeal. From first-home buyers in the outer suburbs to downsizers in coastal regions and investors in the CBD, Melbourne offers something for everyone. Understanding these buyer profiles and their preferred locations can help real estate agents, investors, and developers tailor their strategies to meet the market’s evolving demands. References • The 11 Best Suburbs to Invest in Melbourne in 2025 - Property Update • Melbourne’s top five suburbs for rightsizers and downsizers in 2023 • Overseas interest in prestige homes back on the rise • Melbourne’s best family suburbs - Realestate.com.au • Why young professionals love inner Melbourne suburbs Disclaimer This article provides general information and does not constitute financial, legal, or investment advice. Figures and trends mentioned are based on current data and are subject to change. Please consult with qualified professionals or refer to authoritative sources, such as CoreLogic or the Australian Bureau of Statistics, for specific advice. Core Elite Real Estate is not responsible for decisions made based on this content.