Quarterly Property Update: Pressure Remains on Pricing

The property market stabilised in Daylesford and surrounding districts over the last six months. The number of houses listed for sale in Daylesford dropped from 95 in May 2024 to 89 in October and is now down to 80 in early February. This is reflected across the surrounding areas (postcodes 3460 and 3461) with the total number of houses on offer dropping from 158 in May, 2024 to 142 in October and to 136 in February 2025.

Of the 80 houses being offered in Daylesford, 12 (15%) were priced less than $700K making them potentially eligible for loan assistance from state and federal governments.

The medium price was $949,000. Thirty-six properties (45%) were priced over $1 million including five properties over $2 million.

Pressure remains on pricing with many properties that have been on the market for at least three months discounting the asking price range by 5- 10%.

Eighty sales (42 in Daylesford) were recorded in the last 6 months across Daylesford and surrounding districts.

Land for sale has remained fairly constant for the last 12 months

Twenty-two land sales (13 in Daylesford) were recorded in the last six months across Daylesford and surrounding districts.  Based on the sales over the last six months there is approximately 15 months supply of vacant land across the district.

A property at 26 Central Springs Rd is advertised by BigginScott for $1.945 million. (Photo: Julie Higgs)