Core Insights - The luxury property market in Melbourne is experiencing a significant decline in prices, particularly in high-end suburbs, but ultra-premium properties remain resilient and continue to command high prices [1][3][5]. Price Trends - Toorak, a blue-chip area, saw a dramatic annual price drop of 26.7%, with the median house price now at AUD 4.25 million [4]. - Other high-end suburbs also reported declines: South Yarra (down 18% to AUD 1.8 million), Armadale (down 16.7% to AUD 2.1 million), and Brighton (down 10% to AUD 2.75 million) [4][3]. - Mornington Peninsula also experienced notable price drops, with Sorrento down 23.9% to AUD 1.75 million and Blairgowrie down 15.7% to AUD 1.34 million [3][4]. Market Dynamics - The luxury market is characterized by a clear stratification, where the bottom 25% of buyers are deterred by rising loan costs and taxes, while the top-tier market remains active with transactions in the tens of millions [3][5]. - The overall market is shifting towards a buyer's market, with increased buyer confidence observed since the first interest rate cut [7][11]. High-End Transactions - Notable transactions include the sale of the Coonac estate in Toorak for between AUD 115 million and AUD 150 million, potentially setting a record for the state [7][8]. - Another property in Toorak set a new price per square meter record at AUD 17,000 [9]. Market Characteristics - The high-end market is described as having high volatility with a limited buyer pool, making it less susceptible to broader market trends [4][5]. - The unique nature of Melbourne's top neighborhoods allows for a wide range of property prices, from AUD 700,000 for apartments to AUD 70 million for luxury homes, which is rare globally [13].
墨尔本富人区房价下跌，大批买家正在悄悄下手！业内人士：高端房市卖疯了
Sou Hu Cai Jing·2025-05-01 01:42