MARKET UPDATE REPORT
PORT PHILLIP
FEATURE PROP ERTY
PORT PHILLIP MARKET REVIEW WITH OLIVER BRUCE
Port Phillip is seeing its strongest competition for high-calibre turnkey homes, with buyers increasingly motivated to secure quality properties early and avoid the uncertainty of a contested auction environment. Off-market and pre-market opportunities are also in demand, reflecting a more cautious buyer mindset and a preference for discretion, speed and certainty when the right home becomes available.
Auctions remain a common method of sale, with expressions of interest used selectively; however, many motivated buyers are seeking to negotiate prior to auction when they believe the home will attract broad attention.
The market remains price-sensitive, with buyers well-prepared and quick to compare value across nearby options, rewarding homes that are well-presented, well-located and correctly positioned from the outset.
There is also measured optimism that broader policy settings may improve for homeowners and investors later in the year, supporting confidence across the market.
The outlook for 2026 is balanced, with consistent outcomes expected for campaigns that combine strong presentation, clear messaging and market-aligned pricing. JANUARY - MARCH 2026 192 66
306P/14-16 THE ESPLANADE ST KILDA
A 3 B 3 C 3
Expressions of Interest
PROPERTY HIGHLIGHT PROPERTY HIGHLIGHT
A landmark within GurnerTM’s Saint Moritz, this threebedroom, 3.5-bath residence delivers exceptional bayside living, designed by Fender Katsalidis. Chevron oak floors flow from a grand foyer into expansive living and dining, with a marble kitchen featuring Gaggenau appliances. 106 KERFERD ROAD ALBERT PARK
A 5 B 3 C 2 E 390 approx.
Expressions of Interest
A striking double-fronted period residence, this five-bedroom, three-bath home delivers exceptional family living just moments from Albert Park Village. Featuring multiple living areas, a deep north-west facing garden and off-street parking, it offers space, light and timeless character.
