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Today we saw 50-basis-point interest rate cut, reducing the key policy rate to 3.75%. Buyers waiting for further rate cuts may be entering a hotter housing market. Once rates decrease to a point that the majority of buyers are comfortable with, the housing market will heat up quickly and prices will rise at the same time.

The pulse of Victoria's real estate market. This month we cover pre-sale cancellations and struggling construction projects, interest rates and inflation, and outlook for 2025.

Exceptional value for a south facing, large sized Ascot unit, with ocean view. 8X secured this deal for our Buyer client in less than 24 hours.

3-bed condo purchased by investor for revenue generation at Park Place. Incredible value, below assessed, well maintained self-managed strata.

Jaw dropping ocean views from this 2-bed/1-bath south west facing condo at SeaWest Quay. Purchased by investor for revenue generation.

What's the most stable market in Victoria? Fairfield! Prices remain flat and even increase over past 2 years. Here's the median price, average price, days on market, and more for single family homes and condominiums.