Victoria residential property

Wake up to sweeping ocean views or take a stroll down to the sand via exclusive beach access – or at least dream about it.

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From a mansion on the water to the ultimate renovation project, these are the most popular homes that came up for sale this year.

House prices in some of Melbourne’s most exclusive neighbourhoods have dropped as much as 15 per cent over the past year.

The number of investors selling this spring reached its highest since the boom of 2021, even though the property market is now much weaker.

Most homeowners who sold their properties in the September quarter would have made a profit but a few cohorts would not have been so lucky.

Melbourne’s property market has been sluggish, but a handful of suburbs are in demand from buyers chasing lifestyle on a budget.

Four families competed for the character-filled three-bedroom house on a large block, owned by the sellers for about 30 years.

New modelling shows that spending $25,000 on improving energy efficiency – and driving an EV – can save $300,000 over a 25-year mortgage.

Some coastal areas have risen by two-thirds in only five years, but many are on discount compared with the same time a year ago.

Two fierce bidders stole the show in Yarraville, trading more than 100 bids between them, while a $3,025,000 sale set a new record elsewhere.

Looking for your next home in Victoria? From a dress circle seat to the waterfront, to a sheltered rooftop terrace, we’ve got you covered.