Victoria’s real estate market outlook for 2025: Roundtable series

Victoria’s property market in 2025 holds a mix of opportunities and challenges for both buyers and sellers. To get a comprehensive view of what is happening in Melbourne and its surrounding regional areas, Alice Piper has interviewed three industry experts who have shared their insights. Allister Morrison, the general manager at Ballarat Real Estate, Sarah Case, director at RT Edgar Toorak, and Shane O’Sughrue, director at Ray White – Chelsea, delve into the trends, obstacles, and areas to keep an eye on in the real estate landscape of Victoria.

Morrison, Morrison, Case, and O’Sughrue offer valuable perspectives on the real estate market in Victoria. They agree that 2025 will bring both opportunities and challenges. As Morrison puts it, “We are expecting a year of change, but with change comes numerous opportunities.” The experts highlight that buyers need to be prepared for a competitive market, especially in Melbourne. According to Case, “Melbourne remains a sought-after location for buyers, driving up competition and prices in many areas.”

When it comes to regional areas, Morrison notes that there are significant opportunities outside of the city. “Regional areas like Ballarat are increasingly popular due to affordability and lifestyle factors,” he explains. O’Sughrue agrees, adding that areas like Chelsea are also experiencing growth and interest from buyers looking to step away from the city’s hustle and bustle.

However, it is not all smooth sailing in Victoria’s property market. The experts also point out some challenges that both buyers and sellers may face in 2025. One major hurdle is the ongoing impact of the pandemic on the real estate industry. Case highlights that uncertainty surrounding lockdowns and restrictions can affect buyer confidence and market stability. Morrison adds that supply chain disruptions and labor shortages could also impact the construction sector, leading to delays and increased costs for new developments.

Despite these challenges, Morrison, Case, and O’Sughrue emphasize the importance of staying informed and proactive in navigating the property market. Morrison suggests that buyers should be prepared to act quickly when they find a property they like, as competition is high. Case advises sellers to ensure their properties are presented well and priced competitively to attract buyers in a crowded market.

Overall, Victoria’s property market in 2025 promises both opportunities and challenges for those looking to buy or sell real estate. By heeding the advice of industry experts like Morrison, Case, and O’Sughrue, individuals can make informed decisions and navigate the dynamic landscape of Victoria’s real estate market with confidence.