The re-election of Prime Minister Anthony Albanese has signalled a period of renewed stability and growth in the Victorian property market, with the Barry Plant Group preparing for what is expected to be a busy and active second half of 2025.

While rising living costs and mortgage stress remain part of the national conversation, recent economic developments – including a February interest rate cut and ongoing buyer support schemes – are already contributing to improved market confidence. Victoria, in particular, continues to attract strong buyer and investor interest across both metropolitan and regional areas.

Labor’s victory at the recent federal election is expected to provide a major boost to confidence in the real estate market nationwide. Key housing policies – including the expanded First Home Guarantee (allowing buyers to purchase with a 5% deposit and no mortgage insurance), the $10 billion fund to deliver 100,000 homes for first home buyers, and the Help to Buy shared equity scheme – are set to make home ownership more accessible.

As these initiatives are rolled out, the Barry Plant Group anticipates a marked increase in market activity. Early forecasts suggest the policies will reinforce existing upward trends in house prices, fuelled by strong demand and supportive measures. While intended to address housing affordability, the initiatives may initially contribute to further price growth as the market adjusts. Overall, Labor’s win is expected to have a dual effect: accelerating house price growth in the short term and attracting new entrants to the market, while also laying the groundwork to expand housing supply in response to ongoing demand.

In response to this dynamic environment, Barry Plant has taken proactive steps to ensure its team is fully prepared.

“We are using all the tools at our disposal to ensure our Property Managers and Agents are well equipped and resourced to support those looking to purchase or invest in this ever-evolving Victorian marketplace,” said Brit Voglis, Franchise Systems Manager

The group is already seeing strong momentum in key corridors, including outer Melbourne suburbs and major regional centres such as Gippsland and Geelong. A combination of improving affordability, infrastructure investment, and low rental vacancy rates is positioning Victoria as a key growth state in the national property landscape.

“This is an exciting time for the Barry Plant network,” added Lisa Pennell, Chief Executive Officer. “Our team is already poised for growth, having just being named Large Network of the Year at the Real Estate Business industry awards for 2025, and the increased activity we’re seeing across Victoria presents a significant opportunity to expand our reach and support even more clients on their property journey.”

As 2025 progresses, the Barry Plant Real Estate Group remains confident in the resilience of the market and is committed to providing expert guidance, local knowledge and trusted support to clients navigating their next property move. If you need assistance in achieving your property goals, the Barry Plant team is here to offer expert advice every step of the way.