December Quarterly Market Review

Looking back on 2024, the stand-out issue affecting the Australian Property market was interest rates. Rates are one of the hottest topics of conversation. However, there was no change to the cash rate during 2024. In reality, the current cash rate of 4.35% sits close to historical levels and is unlikely to fall much in the next year. Maybe a cut early, but the anticipation that rates will fall substantially looks like false hope. 

2024 saw good performance for residential property in Adelaide and Brisbane, with Sydney having a stable year and Melbourne showing signs of recovery. Country areas vary significantly from state to state and even postcode to postcode.  

Independent of interest rates, there are some fundamentals that will influence the property market during 2025. Among them are population growth, active downsizers and rising investor levels – all indicating a solid 2025 for those active in the real estate market. 

If you are considering selling in the new year, the earlier you make the decision to list your property, the more chance there is to get a jump start on the inevitable rush of property that will come to the market in the first 3 months of the year.