Market Update

It’s already been an eventful start to 2025, dominated by interest rates, Donald Trump, and an upcoming federal election. So the real question is—how’s the property market holding up?

In short, it’s balanced. That means it’s currently a good time for both buyers and sellers. Properties are typically selling within 60 days and achieving solid sale prices, though we’re seeing fewer offers per listing. Auction clearance rates are holding steady between 60% and 70%, and interest rates have remained relatively stable.

We’re also seeing a shift in buyer behaviour. First-home buyers—many of whom are entering the market later in life—are prioritising full-block homes over townhouses, units, or apartments. On the other end of the spectrum, the over-50s demographic, once a strong driver of apartment and townhouse sales, is increasingly choosing lifestyle or retirement villages instead, many of which now offer resort-style living. 

Looking ahead, we expect the market to remain steady throughout the rest of 2025. We may see one or two interest rate cuts of 0.25%, and following the federal election, we typically experience a renewed sense of confidence and stability.

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