Melbourne House Prices in 2025: What You Need to Know
Let’s face it — if you’re a first home buyer in Melbourne, the one question you really want answered is:
“Are house prices going up or down?”
We get it. Buying your first home is a huge move, and you don’t want to buy at the peak (or wait too long and get priced out).
So what’s happening with Melbourne house prices in 2025? And what should you be doing about it?
Here’s your no-BS breakdown from the team at Nude Home Loans.
🌎 What the Market Looks Like Right Now
As of early 2025:
Melbourne’s median house price sits around $940,000
Units and townhouses are around $640,000
Outer suburbs and growth corridors still offering great entry points under $700k
After a rocky couple of years thanks to rate rises and uncertainty, things are stabilising.
Interest rates have likely peaked, inflation is cooling, and buyer confidence is coming back.
🔄 What the Experts Are Predicting
Property economists are tipping slow and steady growth through 2025.
Why?
Interest rates are holding firm (with whispers of small cuts mid-year)
Migration is strong
Housing supply is still tight
Rents are up = more investors returning
It’s not a boom, but it’s definitely not a bust either.
📅 What This Means for First Home Buyers
Here’s the honest truth:
If you’ve been waiting for a huge price drop... it’s probably not coming.
If you’re waiting for prices to crash, you might end up watching them creep up again instead.
That means 2025 is actually a sweet spot: ✅ Stable prices = easier to plan your budget ✅ Less FOMO = less buyer competition ✅ Grants and support schemes still available (for now)
🏡 Suburbs to Watch in 2025
We’re seeing strong demand and value in:
Werribee: affordability + infrastructure
Pakenham: house-and-land deals under $650k
Sunshine: great transport + future growth
Reservoir: inner north value play
Brunswick (for units): lifestyle + location
These areas offer strong fundamentals, good long-term prospects, and homes that first home buyers can actually afford.
📈 Why Waiting Might Cost You More
A $20,000 increase in house price might not seem huge. But at 6% interest over 30 years, it adds up big time.
More importantly:
The grants you’re eligible for today? They might be gone tomorrow.
Lenders are tightening up — the longer you wait, the harder it might get to qualify.
And every rent payment is still helping pay off someone else’s mortgage.
😎 How Nude Helps You Navigate It All
The market will always shift — but your plan doesn’t have to.
At Nude Home Loans, we:
Help you understand what’s possible right now
Get you pre-approved for suburbs that fit your goals
Guide you through rate rises, property trends, and lender changes
We don’t predict the future — we help you prepare for it.
Let’s Get You In Before the Next Wave
2025 could be your year to get in early — before the next rise, before competition returns, and before things speed up again.
👉 [Book your property planning call with Nude Home Loans]
We’ll show you where to buy, what you can borrow, and how to make a smart move in today’s market.
No guesswork. No stress. Just clear advice.
