Confidence Returns: Strong Demand, Record Prices, and New Opportunities for Buyers
The Victorian property market is experiencing a wave of renewed energy this spring, with buyer confidence climbing and competition intensifying across Bayside.
At Lewin Real Estate, we’ve seen buyer enquiry and attendance rise by 30% since the start of September — a clear signal that momentum has well and truly returned.
Buyers are more active, sellers are seeing stronger interest, and standout properties are achieving exceptional results — including record-breaking prices in Cheltenham.
Record Result — 52 Wallingford Street, Cheltenham
Sold at Auction: $1,350,000
This Cheltenham home achieved a record price in the Golden Triangle, with 8 competitive bidders and spirited auction energy that reflected real market depth.
Led by Lesley Kilby and Brian Lewin, the campaign highlighted how quality marketing, local knowledge, and expert negotiation can make a major difference in the final result.
This sale set a new benchmark for the area and demonstrated that buyers are not only active — they’re confident and willing to pay top dollar for premium homes in sought-after pockets.
Market Snapshot: Clearance Rates and Confidence Rising
According to the REIV, Victoria recorded a statewide clearance rate of 82% for the week ending 5 October 2025, while Melbourne metro areas averaged around 70%.
This reflects a healthy, balanced market where demand remains strong, particularly for renovated or well-presented homes.
At Lewin Real Estate, we’ve mirrored this trend — our spring auctions and open homes are attracting larger crowds, multiple bidders, and faster decision-making from buyers.
First Home Buyers: Game-Changing Policy Boosts Demand
From 1 October 2025, any first home buyer who has saved a 5% deposit can now purchase a property under the First Home Guarantee, with no cap on the number of government guarantees available.
This means every eligible first home buyer can now enter the market with just a 5% deposit, and crucially, avoid paying Lenders Mortgage Insurance (LMI) — saving tens of thousands of dollars in some cases.
Adding to the excitement, the Property Price Cap in Victoria has been increased from $800,000 to $950,000, giving buyers access to a broader range of properties — particularly across Cheltenham, Beaumaris, Parkdale, Moorabbin, and Highett.
At Lewin Real Estate, we’ve already noticed the shift. More first-time buyers are inspecting homes, registering for auctions, and confidently entering negotiations. This surge in first home buyer activity is adding fresh competition to the market and supporting price growth across key Bayside suburbs.
What’s Fueling Market Strength?
1. Interest Rate Stability
After several months of rate steadiness, confidence has returned to buyers who were previously cautious. Improved borrowing capacity has encouraged more to re-enter the market.
2. Limited Supply of Quality Homes
Many homeowners are still waiting to list, which means well-presented properties are commanding premium prices and selling quickly.
3. Positive Sentiment and Economic Outlook
With inflation easing and economic confidence improving, many buyers believe property values will rise further over the next 12 months — driving strong participation at auctions and private sales alike.
The Lewin Real Estate Advantage
At Lewin Real Estate, we pride ourselves on combining local expertise, tailored marketing strategies, and genuine client care to deliver exceptional results.
Our approach includes:
- Custom marketing campaigns designed to highlight each property’s best features
- Professional photography, social media exposure, and targeted digital advertising
- Expert auctioneering with Warren Tate, ensuring every bid counts
- Hands-on guidance for first home buyers, investors, and established sellers alike
Our goal is simple — to make every sale a success story.
Opportunities Ahead for Buyers and Sellers
For Sellers:
With buyer demand up 30%, clearance rates strong, and new incentives bringing more entrants to the market, spring and early summer present an ideal window to list your property.
A strategic campaign with Lewin Real Estate can help you capitalise on this competitive climate.
For Buyers:
If you’ve saved your 5% deposit, now is the time to act. The new First Home Guarantee and increased Property Price Cap open the door to homes that were previously out of reach.
Be prepared — the market is moving fast, and opportunities are going quickly.
Contact Lewin Real Estate
At Lewin Real Estate, we’ve been helping Bayside residents buy and sell with confidence for decades. Whether you’re entering the market for the first time or planning your next move, we’re here to guide you every step of the way.
📞 Contact Brian Lewin on 0434 047 939
🏡 Lewin Real Estate Office: 8524 4307
Let’s make your next move a success in this vibrant and confident Victorian market. move a success in this vibrant and confident Victorian market.