Welcome to the Property Planner’s Monthly Market Update, your comprehensive resource for the latest insights and trends in the real estate and economic landscape!
Stay informed and ahead of the curve with our expert analysis, helping you make well-informed decisions in the ever-evolving property market.
Melbourne Leads Capital Growth in February
Melbourne recorded the strongest monthly growth among capital cities (+0.67% PropTrack, +0.4% CoreLogic).
Is this the beginning of a turn-around for Melbourne after 10 months of declining values?
Source: PropTrack
Upper Quartile Rebounding
The most expensive properties in Sydney and Melbourne saw the biggest gains after sharp declines during the downturn.
The Trio break down what these quartile shifts reveal about market cycles and future trends.
Source: CoreLogic
Capital Cities vs Regional Markets
Regional markets have outperformed capital cities in recent years and on average over the last decade.
This may have never happened before, but with Sydney and Melbourne showing signs of recovery, could capitals take back the lead in 2025?
Source: CoreLogic
Consumer Sentiment on the Rise – Victorians Think That it’s ‘Time To Buy a Dwelling’
The “Time to Buy a Dwelling” index rose by 17.8% over the last 12 months up to 91.6 with another jump of 4.3% in February.
Victorians in particular think it’s a good time to buy, with the market surging past 100 up to 106, meaning more Victorians now believe it’s a good time to purchase.
Source:Westpac-Melbourne Institute
Investor Lending Still Strong Despite a Quarterly Dip
Investor loans fell 4.5% in the last quarter of 2024 but remain 13.2% higher year-on-year.
Was this a cyclical move as Perth, Adelaide and Brisbane bull markets start to wind down?
Source: CoreLogic/ABS
Vacancy Rates Ticking Up
More rental properties are available, with Sydney’s vacancy rate rising over the year from 1.1% to 1.5% and Melbourne’s from 1.0% to 1.8%.
But vacancy rates remain historically low and well below 3%, the accepted level for rental market equilibrium from a supply and demand perspective.
Source: SQM Research
Economic Uncertainty Ahead
How global instability, potential U.S. tariffs and geopolitical risks could impact interest rates and inflation, creating uncertainty for property markets.
Source: ABS
Where is the Market Heading Next?
With Melbourne and Sydney showing signs of renewed momentum, could 2025 be a turning point for the two big capital cities and the changing of the guard from the mid-tier capitals that we have been monitoring for the last 6 months?
Interested to Learn More?
Listen to the Property Trio podcast for more market insights and expert analysis that you can’t afford to miss!
Reach Out to Us
If you would like to discuss your next steps, property plans, and mortgage strategy, get in touch with us today. Our team of experts is here to guide you through the complexities of the market and help you achieve your property goals.
