2025 Predictions

This spring has seen a 20% increase on the 5 year average for the number of properties for sale. This extra choice for buyers has resulted in softer results in many price ranges over the last month or so. I expect the start of 2025 through to Easter to be similar. There will be a lot more properties for sale in late February and March resulting in buyers feeling comfortable that if they miss out on one property that it won’t be too long until something similar pops onto the market. If you are a seller in 2025 get on the market early to beat the competition and the rush.

In April and May with Easter being late April next year and with the Federal Election due in May, the market will be very quiet. With the election there will be plenty of speculation about changing property taxes, capital gains tax and the like, that will have buyers and sellers sitting on the sidelines waiting to see what happens. By mid-year I would expect the Reserve Bank of Australia to have dropped official interest rates. The effect of this will be improved buyer confidence, increased buyer demand and property prices firming up. The trend of cashed up buyers from the Lower and Upper North Shore moving to the area to downsize will continue as will strong demand for homes that are renovated or brand new.