Autumn is off to a strong start in Melbourne, with last month’s 0.25% cash rate cut, the first in 14 months, bringing renewed energy to the property market. The Reserve Bank of Australia (RBA) has set the cash rate at 4.10%, a move widely anticipated by markets and economists. With confidence growing and the season delivering clear skies and mild temperatures, conditions are primed for both buyers and sellers to make their move. As we settle into autumn, momentum is building for a positive few months ahead.
As summer fades and autumn takes hold, March is shaping up to be a crucial month for Melbourne’s property market. Whether you're buying or selling, settling before the end of the financial year (EOFY) can unlock key advantages. Here’s why now is the time to act.
Why transacting before EOFY makes sense
For sellers, wrapping up a sale before June 30 can bring forward capital gains tax considerations, helping with financial planning and potential tax efficiencies. Buyers—particularly investors, can also benefit, from taking advantage of depreciation claims, interest deductions, and other expenses within the current financial year.
Understanding settlement timelines
With most property settlements taking between 30 to 90 days, March is an ideal time to list or buy to ensure everything is finalised before EOFY. Getting the right team in place early, including experienced agents and legal representatives, can help streamline the process and minimise potential delays.
Expert insights from Nelson Alexander agents
Our agents are seeing increased activity from buyers and sellers who are keen to finalise deals before EOFY. With deep local market knowledge, expert negotiation skills, and access to a vast network of buyers, Nelson Alexander is well-positioned to help you navigate the market.
If you're considering a move this autumn, get in touch with your local Nelson Alexander agent to explore your options and make the most of this strategic opportunity.
