EVENTSMelbourne Market Insights w/ Dr Andrew Wilson

The Black Swan team recently attended the Melbourne Market Insights event at the Ace Hotel in Sydney, where leading economist Dr Andrew Wilson delivered a powerful outlook on Melbourne’s property future.

According to Dr Wilson, Melbourne is in the early stages of a strong rebound. After a flat post-COVID period, confidence has returned, sparked by February’s interest rate cut, with another likely in May. He highlighted that the unit market is leading the charge, with inner and South Melbourne posting some of the strongest growth figures.

Key factors driving the shift include low unemployment, a resilient economy, plummeting rental listings, and high levels of migration. New policies for first-home buyers are also fuelling demand, while supply remains critically low, creating prime conditions for growth.

Importantly, prices are still just below last year’s peak, meaning value remains for savvy buyers. With Melbourne now posting its highest auction clearance rates in years, all signs suggest the market is tightening fast.

So why did Melbourne lag behind post-COVID? Dr Wilson was clear – it wasn’t economic weakness, it was a lack of confidence. That’s changing quickly.

Watch the full video to see why momentum is building and where the opportunities lie.