Melb house prices tipped to fall further after subdued spring start

There’s 927 auctions slated for Melbourne this week, a drop of 38 per cent across 12 months, and 20 auctions across regional Victoria, according to realestate.com.au. Victoria’s spring property market is off to a subdued start despite the state last week posting its second-highest auction clearance rate in more than four months. According to realestate.com.au, the 55.2 per cent clearance rate was the best since the week ending May 3 – days before the Australian government announced wide-sweeping changes to negative gearing and capital gains tax in its 2026 budget. Since then, apart from a 57.2 per cent figure Victoria logged during a week of August, last week’s clearance rate was the most significant peak since mid-year. RELATED: Just two bidders now competing at typical Melbourne auctions Australia’s housing crisis deepens as new home sales plunge again The Block 2027: Sunbury’s former psychiatric hospital to become five homes There’s also 947 auctions scheduled across Victoria this week, a 24 per cent drop compared to the same time in 2025. Realestate.com.au economist Luc Redman said although spring usually started with a bang, factors including uncertainty about potential future...