If you’re thinking about buying property in Melbourne, chances are you’ve wondered, “Is now the right time?” With fluctuating interest rates and shifting market predictions in 2025, knowing when to enter the market isn’t always clear-cut. This guide breaks down what to consider before making the decision to buy a property and how LP Advisory can support you at every step.
A common misconception when buying property is waiting for “the perfect time” to buy. Many buyers think they need to wait for a dip in prices before entering the market. But this is rarely the best approach.
History shows that long-term growth is driven by time in the market — not necessarily timing it perfectly. Rather than waiting for the ideal market conditions, focus on selecting a property with strong growth potential and holding it for the long term. The earlier you start, the more time your investment has to appreciate.
Lou Lihari, Director of LP Advisory, says, “You’re not just buying for now. You’re buying for five, ten, fifteen years from now. That’s how we think.”
“It doesn’t matter if you get $10,000 off if the property’s not going to grow in value. You’re better off paying a fair price for the right property than getting a discount on the wrong one,” Lou advises.
Rather than reacting to short-term market movements, focusing on long-term strategy, strong asset selection, and sound fundamentals is often far more rewarding. ABS data shows that Melbourne’s median residential property prices have more than doubled over the past 20 years, reinforcing the long-term growth potential of well-chosen real estate.
By focusing on quality and long-term growth, you set yourself up for success regardless of current market trends.
Before buying, it’s important to review your financial situation and ensure you’re genuinely ready.
Most buyers consider the following to be indicators they’re financially readily to invest in a property:
Partnering with a buyer’s agent like LP Advisory can help you gain a clear understanding of your financial position and what’s realistically achievable. Even if you haven’t yet saved a full 20% deposit, there are flexible options available. LP Advisory works closely with trusted brokers who can assist across a range of scenarios, ensuring you’re well-prepared to make a purchase that fits your financial goals. With tailored support designed for first-home buyers, up-sizers, and investors, you’ll be fully prepared to move forward with confidence when the right opportunity arises.
Buying a property, especially a home to live in, is an emotional journey. It’s easy to fall in love with a place based on how it looks or feels — but making a sound decision requires balancing that emotion with a clear strategy.
At LP Advisory, we often remind buyers that your heart can choose the home, but your head needs to sign off on the investment.
Some key questions to ask yourself before purchasing a property:
Lou Lihari explains: “A great-looking home in the wrong street won’t perform as well as a modest property in a blue-chip location. Buyers need to step back and ask: what will this look like in five or ten years?”
Emotional attachment can cloud judgment — especially during auctions or when competition is high. A strategic advisor can help keep you grounded, ensuring you make confident, future-focused decisions rather than reactive ones.
The Melbourne property market has seen gradual changes across different suburbs.
This official data shows a market that’s steady, not booming or crashing, offering opportunities for buyers who are ready to act with a clear plan.
Melbourne’s property market isn’t one-size-fits-all. Different suburbs offer different opportunities depending on supply, demand, and infrastructure. Here are a few local factors we consider when advising clients:
At LP Advisory, we help you navigate these local nuances and focus on suburbs that align with your budget and goals. Whether you’re after capital growth, rental return, or a place to call home.
So, is now the right time to buy property in Melbourne? If your financials are in order and the right opportunity presents itself, the answer may well be yes.
LP Advisory offers:
Get in touch for a personalised consultation. Whether you’re entering the market for the first time, growing your portfolio, or securing your forever home, LP Advisory is here to guide you every step of the way.
Contact us today! Your property journey starts here.
Melbourne’s property market is showing exciting potential for investors in 2025. Several Local Government Areas (LGAs) in Melbourne are receiving attention for their combination of affordability, infrastructure investment, and population growth. These regions offer investors a balanced approach to long-term growth, strong rental yields, and diverse investment opportunities, but they are just a few of the solid choices available in Melbourne’s evolving property landscape.
Based on current trends and future growth projections, these are some LGAs to watch in Melbourne in 2025.
Monash is one of the top-performing LGAs in Melbourne. With its strong educational and healthcare sectors, along with growing infrastructure investments, areas within Monash, such as Glen Waverley and Clayton, are becoming hotspots. The demand for properties is expected to remain high, making this LGA a prime area for both owner-occupiers and investors.
Frankston has long been known for its beautiful coastal location, but it’s now becoming a strong performer in the property market as well. Areas like Seaford and Frankston South have seen significant improvements in infrastructure, including new transport links and the development of the Frankston Hospital. These developments, alongside Frankston’s relatively affordable prices, make it an attractive option for long-term capital growth.
Whittlesea, which encompasses growing suburbs such as South Morang and Epping, is experiencing rapid growth due to its affordability and excellent transport links to Melbourne’s CBD. The LGA is becoming a key destination for young families and first-time buyers. As new developments continue, these areas are expected to see rising property values.
Infrastructure Development Across these LGAs, significant investment in infrastructure—like new transport links, healthcare facilities, and educational institutions—is driving demand for property. As these areas continue to develop, it’s expected that property values will rise, making them a solid choice for long-term growth.
Melbourne’s continued population growth, especially from interstate migration, is putting additional pressure on housing demand in LGAs like Monash, Frankston, and Whittlesea. The demand for housing in these areas is set to increase, contributing to the potential for future price growth.
Compared to other parts of Melbourne, the price points in these LGAs offer better value. While some areas have seen price adjustments in recent years, these LGAs remain relatively affordable compared to more expensive regions, making them ideal for buyers and investors looking for growth potential before prices rise further.
Looking ahead into 2025, Melbourne’s property market is showing signs of recovery. Interest rate cuts, along with easing inflationary pressures, have set the stage for a buyer’s market, with prices in Melbourne expected to stabilise and even begin rising by the end of the year.
With the capital’s median home values having fallen by 6.9% since March 2022, many parts of Melbourne, including these key LGAs, have become more affordable, giving buyers an advantage before prices start to rise again. This is particularly appealing for long-term investors looking to secure properties at a better value before the market picks up.
According to KPMG, Melbourne is forecast to see house prices rise by 3.5% and unit prices by 4.7% in 2025, with even stronger growth predicted in 2026. Now is the perfect time to consider buying before the market starts gaining momentum.
While these areas show great promise, it’s important to remember that property investment always carries risks. Suburbs within each LGA may perform differently depending on various factors like local amenities, infrastructure, and market demand. Always conduct thorough research and due diligence before making a purchase.
At LP Advisory, we help guide you through this process. Our expertise in identifying high-potential investment opportunities can help you secure the best deals in Melbourne’s evolving market.
At LP Advisory, we specialise in helping buyers and investors navigate Melbourne’s dynamic property market. Whether you’re after capital growth, strong rental returns, or simply want to make a solid investment, we have the local expertise to guide you. Our team is dedicated to ensuring you make informed, confident decisions, and we’ll be there every step of the way—through research, negotiations, and property selection.
As we move into 2025, Melbourne’s property market is showing signs of steady recovery. With improving buyer sentiment, a forecasted rise in property prices, and a strong economy, it’s an exciting time for homebuyers looking for their perfect home. If you’re searching for a suburb with great potential that balances proximity to Melbourne’s high-demand areas and offers an attractive price point, these suburbs should be on your radar.
Melbourne’s property market is entering 2025 with a positive outlook. According to KPMG’s Residential Property Market Outlook for 2025, house prices in Melbourne are expected to rise by 3.5%, and unit prices are projected to increase by 4.7%. This rise is driven by an improving economy, easing interest rates, and a steady increase in buyer demand.
As Melbourne recovers from the previous market downturn, we are seeing increasing interest in both established suburbs and those just outside Melbourne’s premium areas. For homebuyers, this presents a unique opportunity to secure a property that combines affordability with proximity to desirable locations.
Here are some of Melbourne’s top homebuying hotspots in 2025, focusing on suburbs that offer excellent value while being close to some of the city’s most exclusive areas.
Why It’s Hot: Malvern is one of Melbourne’s most prestigious suburbs, known for its leafy streets, period homes, and proximity to top-tier schools. It’s often considered a more affordable alternative to the ultra-exclusive Toorak, offering similar family-friendly appeal and easy access to amenities. With excellent public transport and close proximity to boutique shopping and fine dining, Malvern continues to be a hotspot for families and professionals alike.
Why It’s Hot: Glen Iris offers a fantastic mix of spacious family homes and modern apartments, making it an ideal choice for those seeking proximity to both the city and elite schooling options. It’s a more affordable option compared to its neighbouring suburbs like Toorak and Armadale, but still provides a similar lifestyle with parks, cafés, and shopping strips. The steady demand for properties in Glen Iris ensures it’s an area set for continued growth in 2025.
Why It’s Hot: Ascot Vale is rapidly becoming one of the go-to suburbs for homebuyers seeking a mix of affordability and convenience. Nestled between Flemington and Moonee Ponds, Ascot Vale is a vibrant, well-connected suburb with a blend of period homes and modern townhouses. Its proximity to Melbourne’s central business district and major amenities makes it an attractive option for first-time buyers and families looking for value.
Why It’s Hot: Hawthorn East offers the charm of inner-city living with a more laid-back, suburban feel. It’s an excellent choice for homebuyers looking for access to the prestigious amenities of Hawthorn and Camberwell but at a more affordable price point. With large homes, green spaces, and highly regarded schools, Hawthorn East appeals to families who want to live in a well-connected, peaceful environment without compromising on location.
Why It’s Hot: Brunswick East offers a vibrant and eclectic lifestyle with its café culture, parks, and close proximity to the city. With a median house price just under $2M, it is a fantastic option for buyers who want to be close to the heart of Melbourne’s cultural scene but at a more affordable price. The suburb is also seeing growth in development, making it a good investment for long-term capital gain.
Why It’s Hot: Northcote has seen significant gentrification in recent years, transforming from an industrial area to a trendy, family-friendly suburb. It boasts excellent transport links, cafes, and parks, and is just a short distance from the CBD. With a wide range of property types, including period homes and modern townhouses, Northcote is attracting homebuyers looking for a suburb with character and strong growth prospects.
These six suburbs offer homebuyers a fantastic balance between affordability and proximity to some of Melbourne’s most exclusive areas. Whether you’re looking for a family-friendly environment with easy access to Melbourne’s best schools, a suburb that offers excellent lifestyle options, or a location with significant future growth potential, these hotspots provide a variety of choices to suit different needs and budgets.
As Melbourne’s market improves in 2025, these suburbs are expected to continue growing, offering both strong lifestyle appeal and capital growth opportunities for buyers.
At LP Advisory, we specialise in helping homebuyers navigate Melbourne’s property market, ensuring you make an informed decision. Whether you’re looking to buy your first home, upgrade to a larger property, or find a great family-friendly suburb, our expert buyer’s agents are here to guide you every step of the way.
LP Advisory is a trusted buyer’s agency specialising in helping clients buy, sell, and invest in residential and commercial properties across Melbourne. With personalised services and deep market expertise, we guide clients through every step of the property journey, ensuring informed decisions and successful outcomes.
