In commenting on the RBA’s split decision, the Reserve Bank Governor, Michelle Bullock, said that “The difference in opinion among the board wasn’t so much about the direction but about the timing.” So clearly the next rate cut is not too far away. But from a property perspective, the two reductions we have had so far in 2025 are certainly continuing to underpin buyer confidence.

In fact, the latest quarterly Home Price Index from PropTrack shows that house prices have continued the slow but steady rise that we have been watching since February.

At a local level, the data shows the following changes to median values for the three months to the end of June 2025:

Doreen houses: Up by 1%

Doreen units: Up by 3%

Epping houses: Up by 1%

Epping units: Up by 4%

Lalor houses: Up by 2%

Lalor units: Up by 1%

Mill Park houses: Up by 1%

Mill Park units: Up by 3%

Thomastown houses: Up by 2%

Thomastown units: Up by 2%

Of course, as I regularly remind readers in these posts, statistics like these from PropTrack are only indicative of general trends in the market rather than specific movements in individual property values.

So if you are currently weighing up when to make your next move in the Melbourne property market, and would like an obligation-free update on what your specific property could achieve in the current favourable selling conditions, feel free to give us a call this week at Barry Plant Thomastown on 9466 3233.

We look forward to being of assistance.

Best wishes,

Con Constantinou

Barry Plant Thomastown