Buyers have the most negotiating power this spring in Melbourne’s high-supply growth corridors, including Sunbury, Frankston, Pakenham and Melton-Bacchus Marsh, where housing supply has risen by more than 20 per cent. With more stock and less competition, it pays to have your home loan ready before you start inspecting.
Key Takeaways
- Housing supply has grown by more than 20 per cent in Sunbury, Frankston, Cardinia and Melton-Bacchus Marsh.
- Sunbury leads Melbourne for supply growth, with a 26.2 per cent increase in available housing stock.
- Agents say investors selling homes they previously rented out are a key driver of rising stock levels.
- More listings mean more choice, more room to negotiate and better conditions for first-home buyers.
Why Do Melbourne Buyers Have More Choice This Spring?
Spring has arrived, and with it comes Melbourne’s busiest property season. For buyers who have spent the past few years battling fierce competition and limited stock, this year presents a refreshing change.
Across several of Melbourne’s growth corridors, the number of homes for sale has increased significantly, creating more choice and greater negotiating power for prospective purchasers.
According to the latest market data, some of Melbourne’s strongest increases in housing supply are being recorded in the regions of Sunbury, Frankston, Cardinia and Melton-Bacchus Marsh.
Supply in these areas has grown by more than 20 per cent, providing buyers with a broader range of properties and price points than they have seen in recent years.
What Is Driving the Rise in Listings?
Real estate agents say the key driver for the increasing stock levels is investors wanting to sell homes they were previously renting out.
“We did notice post-budget, a lot of requests to issue notice to vacate for the purpose of selling the property,” principal at Ray White Frankston, Ash Weston, told Domain.
“We are seeing a lot of rental stock come to the market, which is providing a lot more options for first-home buyers, which is great, but we’re a little bit concerned that, if we fast forward another six months from now, what kind of impact that’s going to have on the actual rental market.”
Which Suburbs Are Recording the Biggest Supply Increases?
Frankston
Frankston is one of the standout performers this spring, with housing supply rising by more than 23 per cent.
Long prized for its lifestyle appeal, beaches and improving infrastructure, Frankston is attracting first-home buyers looking for value within commuting distance of the CBD. Local agents report an increase in investment properties being listed for sale, creating additional opportunities for owner-occupiers to enter the market.
With a median house price of around $850,000, Frankston remains comparatively affordable when measured against many established Melbourne suburbs.
Sunbury
Leading Melbourne for supply growth, Sunbury has experienced a 26.2 per cent increase in available housing stock.
The suburb continues to benefit from population growth, expanding infrastructure and new residential developments. Buyers looking for larger family homes, newer estates and long-term growth potential are increasingly placing Sunbury on their shortlist.
Pakenham / Cardinia Corridor
Melbourne’s south-east corridor continues to attract families seeking affordability and space. Pakenham, one of the major centres within the Cardinia region, is seeing more choice for buyers as listing numbers rise.
The area offers a mix of established homes and newer developments, often at prices that remain accessible compared with many inner and middle-ring suburbs. As more stock reaches the market, buyers gain the advantage of comparing multiple properties before making a decision.
Melton / Bacchus Marsh
The Melton-Bacchus Marsh region has also recorded supply growth of more than 20 per cent.
These western growth suburbs continue to attract buyers seeking larger homes, family-friendly communities and value for money. Ongoing infrastructure investment and population growth are helping transform these areas into increasingly desirable residential destinations.
What Does a Buyers' Market Mean for You?
Agents operating in Melbourne’s growth corridors are describing current conditions as a genuine buyers’ market, where purchasers can take their time and secure opportunities that may not have existed 12 months ago.
More homes on the market means more choice for buyers, less need to make rushed and emotional decisions, more room to negotiate on price, better conditions for first-home buyers and better value than previous years.
Get Your Buying Power Ready With Perry Finance
For buyers looking to enter Melbourne’s property market this spring, the greatest opportunities are likely to be found in the city’s growth corridors. Frankston, Sunbury, Pakenham, Melton and Bacchus Marsh are all offering significantly more stock than they were a year ago, creating a rare window of choice, affordability and negotiating power.
Every buyer’s circumstances are different, so check what you can borrow with our borrowing power calculator before you start negotiating.
Perry Finance helps Melbourne home buyers, property investors and businesses find the right finance for their goals. To discuss your options, contact Perry Finance today.
