Residential sale market update - September 2026

Market Updates

Selling

18 September 2026

Overview:

Buyer confidence improving – More buyers are attending open homes across Banyule, with local market conditions proving more resilient than many Melbourne suburbs.
Market foundations remain strong – Population growth, limited housing supply and ongoing demand continue to support the long-term outlook for residential property.
Selective buyer behaviour – Buyers are increasingly focused on properties that are well presented, move-in ready and realistically priced.
Presentation drives results – Well-prepared homes are attracting stronger interest and achieving better campaign outcomes.

Positive signs are emerging across Banyule

Melbourne's property market continues to adjust to higher interest rates, cost-of-living pressures and a more cautious approach from buyers. However, the long-term factors supporting property values remain strong, including population growth, low housing supply and ongoing demand for quality homes.

Closer to home, Banyule continues to outperform many parts of Melbourne, with local values proving more resilient than the broader market. We're also seeing encouraging signs of improving buyer confidence, with stronger attendance at open homes and increased activity from buyers looking to upgrade.

Not all properties are performing equally

One of the clearest trends in today's market is that buyers are becoming more selective about where they spend their money.

Properties that are well presented, move-in ready, located in tightly held family-focused neighbourhoods and priced in line with the current market conditions continue to attract strong interest.

By contrast, homes requiring significant renovation and vendors expecting unrealisticly high price are often experiencing longer selling periods and more buyer hesitation.

Presentation matters more than ever

Cosmetic improvements, strategic updates and thoughtful preparation can help a property stand out, creating a stronger first impression and helping buyers connect with the space.

Recent Miles campaigns across Banyule demonstrated strong demand for well-prepared family homes with character and land.

Property highlights

Preparing for a successful sale

Selling a home can feel overwhelming, particularly in a changing market. The good news is that homeowners who focus on preparation, presentation and realistic pricing are continuing to achieve strong outcomes.

Whether you're ready to sell or simply exploring your options, understanding your property's current value and market position is the first step towards making an informed decision. Our team is here to help you navigate the selling journey with confidence.