How do I know if my Melbourne property is overpriced?

If your property is not attracting interest, you receive low offers, or feedback says buyers prefer comparable homes at lower prices, it may be overpriced. In 2026, Melbourne’s market remains price-sensitive. Compare current appraisals, recent local sales, vendor and agent feedback, and online property page engagement.

Key warning signs

• No inspections after 2-3 weeks on market.
• Buyers mentioning better-value listings nearby.
• No qualified offers, or all offers well below your asking price.
• Agent suggesting repeated price adjustments without strong evidence.

How to check your price?

• Obtain an independent agent opinion—with honest market appraisal and suburb data.
• Ask to see recent comparable sales in your exact Melbourne area.
• Review activity on realestate.com.au and Domain—if similar listings are moving and yours isn’t, adjust accordingly.

Contact Collings for a confidential value assessment or second pricing opinion via our contact page.