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Homes across Victoria are selling faster than they were a year ago, signalling stronger competition even as price growth remains relatively moderate. Analysis by property researcher Cameron Kusher shows median days on market in Melbourne fell to 36 days in December, seven days quicker than a year earlier.

Faster selling conditions at a market-wide level increase the importance of accurate, local benchmarks when property assets are being assessed. Within Whitehorse, valuation outcomes rely heavily on suburb-level performance and long-term price behaviour rather than broad market averages. Cotality data shows Vermont has recorded the strongest growth locally, with house values up 29.5% and unit values rising 15.5% over five years. 

Mitcham has also seen substantial uplift, with house values increasing 26.8%, while Burwood has recorded more moderate growth of 14.9%.

As selling periods shorten, pricing tolerance narrows and small valuation differences can materially affect outcomes. This places greater emphasis on timely, asset-specific assessments when determining security positions, insurance exposure or disposal strategy.

#valuations #Whitehorse #Melbourneproperty

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Independent valuation advice is essential when market conditions are tightening and pricing precision matters. To obtain clear, evidence-based assessments that reflect current market dynamics for Whitehorse property assets, call Mason’s Valuation Office on 0417 741 481 or visit https://propertyvaluation.melbourne/about-us/#contact.