The Alphington Report
Everything you need to know about the property market in 2025.
The Alphington Report
Welcome to the 2025 edition of the Alphington report, your definitive guide to the residential property market landscape of Alphington and the Inner North.
Having lived, worked, and sold in Alphington for many years, I am very proud of our vibrant community and all it has to offer prospective buyers and tenants.
This booklet will provide you a concise market update, highlighting all the factors impacting the local market today and into 2025.
If you're considering selling in 2025 or would appreciate a confidential discussion, I encourage you to get in touch using the details below.
Wishing you a safe and happy 2025!
Paula Beavis
Partner & Licensed Estate Agent
E: PaulaBeavis@jelliscraig com au M: 0407 267 366
Market Trends 2025
While recent years have presented their share of economic adjustments, including significant interest rate fluctuations and periods of uncertainty, the Inner North has demonstrated remarkable resilience and remains well positioned for success in the coming year.
Alphington and the Inner North in general have seen stable prices through 2024. The Alphington median price changed +3.5% (houses) and -1.95% (units) against the Melbourne median price of -1.0% over the same period.
It would be easy to say that Melbourne’s price growth has been flat because of higher interest rates, and whilst that might be partially true, other capital cities across Australia have seen strong price growth in 2024 under the same interest rate conditions, see below.
Source: CoreLogic, Dec 2023 - Dec 2024
So why has Melbourne struggled when the rest of the country has been booming?
Simply put, it all comes down to supply and demand. While demand has remained steady, we have seen a surge of investor divestment throughout Melbourne.
Across thousands of conversations that I have had with property owners and investors this year, I have heard the frustration with the combination of interest rates, increased regulations for landlords, and of course the increase to state land tax. Ultimately many rental providers are simply finding it harder to justify holding onto their investment property.
Over the course of 2024, 25% more properties have sold in Melbourne compared to Sydney. For two cities with almost identical population and housing stock, this gives you an insight into the supply- demand imbalance we are currently seeing throughout Melbourne.
With many of those extra sales landing in the hands of first home buyers, one might argue that the recent land tax increase is doing its intended job in making homes more affordable for new buyers entering the market.
That said, with strong price growth across the country, Melbourne is increasingly standing out as a great value option for home buyers and investors. The median price in Adelaide, Brisbane and Perth is currently higher than Melbourne!
As a proud Melburnian, I feel this is a situation that doesn’t make sense long term. At some point we will have to play catch up to the other capital cities.
The catalyst for this growth will be interest rate easing. While we would all have loved to see a rate cut last year, underlying inflation is continuing to stabilise within the RBA’s target band of 2-3%. This will lead to multiple interest rate cuts in 2025 that I am confident will fuel moderate growth through all property asset classes.
Having witnessed a number of cycles in my time in real estate, my experience is that once buyer confidence returns, the market responds extremely quickly.
Meet The Team
Team Rigopoulos & Beavis is a high-performing property sales team renowned for delivering exceptional results for clients in Melbourne’s Inner North. Combining expert service with skilled negotiations, they take a consultative approach, consistently exceeding real estate goals through dynamic campaigns and genuine client partnerships.
Team Rigopoulos & Beavis drive impactful campaigns that generate strong buyer interest and engagement. Their constant market presence ensures each property attracts a broad pool of buyers, resulting in outstanding sales outcomes that consistently surpass expectations.
Alphington Market Share
SamRigopoulos
PaulaBeavis
MatthewMcIntosh
StefanDiLoreto
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Get in touch today!
Paula Beavis
Partner & Licensed Estate Agent
E: PaulaBeavis@jelliscraig com au M: 0407 267 366
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E: northcote@jelliscraig com au T: 03 9403 9300
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