Off Market Properties Melbourne sales—those that don’t happen through the traditional property listing process—have gained popularity in recent months as markets across Australia have gone into overdrive. This is especially true in urban areas like Melbourne where there is more competition for homes and a smaller pool of buyers to buy them from.

The benefit for vendors is that they can sell their home without exposing it to the public, potentially resulting in a more speedy sale. It’s also common for high-net-worth or celebrity clients who want to keep the sale of their property private. Others may wish to avoid auctions, which can be a public event and be “very stressful” for family members. Angus Raine, executive chairman of Raine & Horne, suggests that investors who are looking to maximize yield may also find off-market properties attractive.

Exclusive Real Estate: Exploring the Allure of Off-Market Properties in Melbourne

For buyers, an off-market purchase can be less stressful and allow them to more thoroughly inspect properties with the help of their real estate agent. They can also work with their agent to tailor the purchase to their lifestyle.

One way to access off-market properties is by signing up with a real estate platform that reaches out to pre-approved buyers. For example, Doorsteps connects with buyers to provide honest feedback about the properties they’re interested in. It also connects buyers with properties that meet their criteria, whether it’s four bedrooms in Mentone or a two-car garage. Buyers are alerted to new listings that match their search, so they’re first in line to secure them.