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Remove items from your saved list<\/a> to add more.<\/p>\n AAA<\/p>\n Home buyers could expect a six-figure discount on a typical property in the charming regional Victorian town of Daylesford, or as much as $400,000 on some top-end homes, as the wider market weakens.<\/p>\n Many other parts of the state are pricier than a year ago<\/a> as investors and first home buyers flock to more affordable options – but those who might have looked for a weekender in Daylesford are pulling back. Buyers are now arriving from NSW, Queensland and SA as the town offers both high amenity and better value.<\/p>\n<\/p>\n The median house price in Daylesford has fallen by $133,000 since it peaked at $925,000 in the March quarter of 2023, Domain data shows.<\/p>\n The typical house there now costs $792,000, a drop of almost 14 per cent from the peak three years ago. Separate figures show it had the third-weakest growth in house prices in regional Victoria over the past five years.<\/p>\n Some high-profile Daylesford homes have had hefty price cuts. The town hosted last year\u2019s season of reality renovation TV show The Block, in which contestants transform a house, sell it at auction and pocket any premium over the reserve. The Block airs on Nine, owner of this masthead.<\/p>\n Two of the homes failed to sell at auction in October<\/a>, when they had price guides of $3 million to $3.3 million. Hannah Thetford and Candice Wood\u2019s house at 4 Cedar Lane now has a price guide of $2.59 million.<\/p>\n Emma Shanahan and Ben Cox\u2019s home at 5 Cedar Lane now has a price guide of $2.6 million. It had attracted competitive bidding at auction up to $2.97 million, when a vendor bid of $3.1 million was placed and the home passed in.<\/p>\n McQueen Real Estate director Kim McQueen \u2013 who represented a Block home that sold under the hammer and is not involved in the remaining listings \u2013 said the town had a high volume of investor buyers and had been affected by changes to property taxes.<\/p>\n Related Article The Victorian government increased land tax on secondary properties, and recently the federal government introduced changes to the tax treatment of negative gearing and capital gains.<\/p>\n Buyers in the past may have used a home as a weekender and let it out as a holiday home at other times, but that had changed, McQueen said.<\/p>\n \u201cIt is certainly tougher. Things are on the market for a lot longer than they were a few years ago, but they do sell,\u201d she said. \u201cIt is a buyer\u2019s market.\u201d<\/p>\n Prices have fallen, McQueen added, but standout homes still achieve exceptional results.<\/p>\n Belle Property Daylesford director Will Walton noted tax changes, plus rising interest rates that reduced borrowing capacity, the cost of living and the broader economy as reasons for the downturn.<\/p>\n He thought that that created opportunities for young families, first home buyers and pre-retirees.<\/p>\n Walton was now seeing buyers from Melbourne \u2013 as well as NSW, Queensland and South Australia \u2013 drawn to the temperate climate, good value, welcoming community and top hospitality options.<\/p>\n \u201cSeveral buyers have said the cost of living has made relocating and selling a metro property, then purchasing a potentially larger premium home in Daylesford, an economic relief option,\u201d he said, adding they see it as like an inner suburb without the expense.<\/p>\n Related Article Walton has the listing for 4 Cedar Lane and said it had received a lot more steady interest since the price adjustment, in line with the rest of the market.<\/p>\n Ray White Sunbury director Aaron Hill is handling the sale of 5 Cedar Lane and, while declining to comment on the property, spoke broadly about the area.<\/p>\n \u201cIt is a tough market out there in Daylesford and things are taking a lot longer to sell,\u201d Hill said.<\/p>\n Another of the homes from The Block that did sell at auction in October is already up for sale again, also discounted. <\/p>\n Sonny and Alicia Aplin\u2019s house at 2 Cedar Lane sold for $3.06 million. It is now on offer for $2.9 million to $3 million through BigginScott Daylesford\u2019s Tom Shaw and Teagan Monaghan.<\/p>\n Monaghan said some extra assets and prizes were included in the home\u2019s Block auction that did not form part of the current sale, so the two prices are not a like-for-like comparison.<\/p>\n \u201cThe property\u2019s premium price point also means it appeals to a much smaller buyer pool,\u201d she said.<\/p>\n Monaghan said the broader Daylesford market had stabilised compared to the rapid growth during and after lockdown years.<\/p>\n \u201cWhile quality homes continue to attract strong interest, we have seen a modest softening in pricing over the past 12 months as buyers become more value-conscious and vendors adjust to current market conditions,\u201d she said.<\/p>\n \u201cWell-presented homes that are priced in line with current market conditions continue to perform strongly, while properties that are overpriced are generally taking longer to sell.\u201d<\/p>\n Save<\/p>\n You have reached your maximum number of saved items.<\/p>\n Remove items from your saved list<\/a> to add more.<\/p>\n![\"Emmett](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/2864d8ca3be42e83be306c81ead785cdfb845217.jpeg\")
<\/a><\/p>\n![\"Daylesford\u2019s](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/66060f236b671f584a3345b779607f7227841d5d.jpeg\")
Daylesford\u2019s housing market has softened in recent years.<\/p>\n![\"The](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/83b129a139e8b065aa1942560f9b8e2c137cac5b.jpeg\")
<\/a><\/p>\n![\"Elizabeth](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/01\/7b851c417d189a0af91b8e82d460bae6c0e27460.png\")
Elizabeth Redman<\/a> is the national property editor at The Age and The Sydney Morning Herald.Connect via X<\/a> or email<\/a>.From our partners<\/p>\n","protected":false},"excerpt":{"rendered":"Save You have reached your maximum number of saved items. Remove items from your saved list to add…\n","protected":false},"author":2,"featured_media":823785,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":["post-823784","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/823784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=823784"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/823784\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/823785"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=823784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=823784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=823784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}