Off Market Properties Melbourne – Pocket Listings

The Off Market Property in Melbourne landscape has changed radically over the last 12 months with buyers embracing the trend of off-market sales. Often known as pocket listings, off-market transactions can offer significant advantages to both vendors and buyers.

For buyers, off-market property transactions can save time and money. Rather than spending hours scrolling real estate websites or dedicating weekends to attending open for inspections, they can have their agent keep an eye out on the latest opportunities that might meet their criteria and alert them when they arise.

Vendors who choose to sell off-market can also save on marketing costs. Traditionally, it’s been rare for vendors to go the off-market route with only those in dire circumstances choosing this method of sale such as relationship/marriage breakdowns or financial reasons. Generally, these vendors will want to settle quickly which can help them reduce their debts to a lender or simply get on with the move of their lives faster.

Exclusive Opportunities: The Insider’s Guide to Off-Market Properties in Melbourne

In the second quarter of 2023, the Inner West Melbourne property market saw a shortage of quality stock in the area leading to strong buyer demand. As a result, renovated/ready-to-move-in properties positioned in great locations performed well, achieving high levels of competition.

It can be a challenge for buyers to find these pockets of opportunity and they will need to rely on their local real estate agents. Getting to know your local agents is a good place to start, attending regular open for inspections and setting up a meeting with them is another way to build those important insider relationships that will assist you in finding the home of your dreams.