Melbourne’s housing market is showing signs of cooling, with prices falling, auction clearance rates dropping and more properties sitting on the market for longer.
But despite lower prices, many first-home buyers are staying on the sidelines, while renters continue to face rising costs and tight vacancy rates.
So, what’s driving the shift, and what needs to happen to restore confidence in the market?
Image: Image from Shutterstock
Produced By: Moemina Shukur
Featured In Story: Andrew Lowcock – Deputy Executive Director of the Property Council of Australia
First aired on The Wire, Tuesday 14 July 2026