The Melbourne Market is Cooling across the colder months.

In just 90 days, four Melbourne suburbs fell below major price thresholds, including Ringwood East in Maroondah.

Domain analysis found Caulfield North dropped below the $2 million mark during the first quarter of 2026, while Knoxfield, Greensborough and Ringwood East all slipped below the $1 million threshold. Affordability pressures, higher interest rates and weaker buyer demand appear to be contributing to softer conditions in some markets, with buyers becoming increasingly price-sensitive and more selective about where they purchase.

The findings reinforce the importance of suburb-level analysis when assessing residential assets. Changes in borrowing capacity, buyer competition and market confidence can influence comparable sales evidence differently from one location to the next, even across neighbouring municipalities such as Maroondah, Whitehorse and Nillumbik.

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Median price milestones may attract attention, but local sales evidence provides a more complete picture of market performance. Understanding how demand, affordability and buyer sentiment are influencing values is critical when assessing value and risk. Contact Mason's Valuation Office on 0417 741 481 visit

 https://propertyvaluation.melbourne/about-us/#contact for accurate reports.