REIV Research analyses several market indicators from various sources including PropertyData, the ABS and the RBA.
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The RMX for Victoria rose by 1.4 per cent to 156.4 over the four weeks to 13th April 2025.
There were 4,067 reported auctions and 3,102 properties sold by auction in March 2025, resulting in a clearance rate of 76.3 per cent.
It should be noted that the REIV continues to receive results several weeks after the date of auction which may lead to revisions in auction data.
The median number of days it takes to sell a residential property in different regions of Victoria, for private sales.
Private listings in Victoria took 48 days on market to sell in March 2025.
Victoria’s vacancy rate went up to 2.4 per cent in March 2025.
According to the RBA, inflation has fallen substantially since its peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance. The central forecasts are for inflation to return to the target range of 2–3 per cent in 2025, and to the midpoint in 2026.
Following the Reserve Bank meeting in April 2025, the cash rate has been left unchanged at 4.10 per cent.
The total number of building approvals in February 2025 saw a 36.4 per cent decrease compared to previous month in seasonally adjusted terms, with approximately 6,024 dwelling units approved.