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.
Major Markets Cool Down
Brisbane, Adelaide and Perth continue to slow from their peak rate of growth.
- Perth: 1.1% after 1.4% the previous month
- Adelaide: 0.8% after 1.1% the previous month
- Brisbane: 0.6% after 0.7% the previous month
Is this a prelude to stability or a deeper market correction across these cities and could 2025 signal a changing of the guard for property market cycles to other cities?
Source: CoreLogic
Listings Shift
Perth and Adelaide saw a major increase in stock, lifting 33% and 25% respectively through the spring season.
While Hobart’s new listings dropped 28.5% from this time last year.
Will this supply shift impact market dynamics in 2025?
Source: CoreLogic
Interest Rate Cuts on the Horizon
Rate reductions are anticipated as early as February, although following the recording of the episode, surprisingly strong employment numbers driving the unemployment rate down to 3.9% pushed back expectations for the first RBA interest rate reduction to April or May.
How might this influence property activity in 2025?
Source: ABS
Rental Growth Moderates
Rental growth slowed to 0.2% in November, back to normalised rental price growth, though affordability challenges remain with tight vacancy rates.
Is this the beginning of a stable rental market or will tight vacancy rates reignite rental price growth again in 2025?
Source: CoreLogic
Hobart’s Market Anomaly
A drop in listings paired with price dips creates intrigue.
Could Hobart surprise with a comeback in prices in 2025 given they are 12.1% below their market peak, the largest fall of all capital cities?
Source: CoreLogic
Longest Per-Capita Recession
Migration and government spending fuels GDP, while productivity and living standards lag as we enter our longest per capita recession in history according to the Australian Bureau of Statistics.
What decisions will the government make to positively impact our economy, will these trends continue shaping our economy and how will they impact our property markets?
Source: ABS
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