Victoria commercial property investment market poised for stronger second half

Demand is particularly strong for well-located metropolitan assets.

In Australia, Victoria's commercial property investment market has entered a more active phase as improving buyer confidence and stabilising pricing encourage greater capital deployment, according to Cushman & Wakefield.

Daniel Wolman, International Director and Co-Head of Investment Sales Australia at Cushman & Wakefield, said Melbourne continues to attract a broad range of investors, from private buyers and developers to institutional groups seeking quality assets at attractive pricing relative to historical levels and other Australian markets.

The consultancy said demand is particularly strong for well-located metropolitan assets and development opportunities, with planning reforms, housing supply initiatives and urban renewal programs creating new value opportunities. Scarcity of quality sites across Melbourne's inner and middle-ring suburbs is also intensifying competition.

Looking ahead, Cushman & Wakefield expects buyer activity to strengthen through the second half of 2026, with assets offering secure income, development potential and strategic landholdings expected to remain highly sought after.