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Melbourne’s Undervalued Market: A Window of Opportunity for Strategic Investors

Melbourne’s Undervalued Market: A Window of Opportunity for Strategic Investors 3 July 2025 Matthew Hughes By Matthew Hughes Managing Director, Capital Property Advisory Board Director, Property Investment Professionals of Australia (PIPA) While the Melbourne property market has underperformed in recent years compared to other major capitals, we believe that narrative is beginning to shift. Importantly, savvy investors would be wise to look beyond the lagging indicators and consider what our team has been observing on the ground in Victoria in recent months. Our National Investment Advisory Committee identified Melbourne as a market of interest back in mid-2024. On a relative value basis, Melbourne property appeared increasingly “cheap” – for lack of a better term. But price alone doesn’t equate to opportunity, so we looked deeper. What we found was a market shaped not by structural weakness, but by short-term policy decisions and sentiment shocks. What Has Driven Melbourne’s Underperformance? Melbourne’s softer post-COVID performance was not without justification. The state endured the country’s most prolonged lockdowns under the Andrews government, prompting a mass exodus of resi

By Matthew Hughes Managing Director, Capital Property Advisory Board Director, Property Investment Professionals of Australia… Read Article

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