: Vacancy rates remain critically low at approximately 1.4–1.6% , which continues to push renters toward homeownership. Suburbs to Watch by Buyer Category
Market performance varies significantly by region, with affordable outer-ring suburbs often outperforming high-value inner-east areas. Melbourne Housing Market Update | April 2026 houses to buy in melbourne australia
The market is currently entering a more balanced phase following a period of rapid growth and subsequent rate uncertainty. : Vacancy rates remain critically low at approximately 1