Rate cuts brought buyers back in Q4 2025

February’s rate rise was the first in over a year, and it landed into a market that had spent 2025 quietly rebuilding its confidence. New lot supply in Melbourne rose 65% annually to 2,444 lots in Q4 2025. Melbourne’s median lot price held just below $400,000 for the sixth consecutive quarter, and average time on market tightened to 140 days, the shortest in two years. 

Though a single rate rise does not undo a recovery, it does change the calculations for first home buyers already operating at the edge of affordability. 

Read the full report, which explores these and other dynamics in detail. It unpacks the latest data and sentiment shifts shaping the Victorian greenfield market.