The Property market continues to shift, presenting both new prospects and potential obstacles for buyers. Whether you’re working toward buying your first home, planning an upgrade, or exploring investment options, staying up to date with current trends can help you make smart, confident choices.
Interest rates are important as they control your borrowing power, mortgage rates and market demand.
Following a period of stability throughout 2024, interest rates may be on track for potential cuts. Some analysts suggest reductions could begin as early as February or May, depending on how inflation and broader economic indicators play out.
If borrowing becomes cheaper, home loans may become more accessible, likely boosting activity in the housing market. However, this increased interest could drive property prices upward later in the year. Buyers hoping to lock in better loan deals should closely monitor Reserve Bank of Australia updates to stay ahead of potential market shifts.
Australia’s rental market continues to be under pressure, with national vacancy rates . As rental prices keep rising, many tenants are starting to rethink their long-term plans, with homeownership emerging as a more stable and sometimes more affordable alternative to renting.
This shift highlights the need to act promptly if buying a home is on your radar for 2025. With more renters considering a move into the property market, buyer competition could intensify in the coming months.
The government has reduced the 2025 permanent Migration Program intake to 185,000 for the 2024–25 period, slightly down from 190,000 in the prior year. This adjustment is likely to ease pressure on housing demand.
A drop in migration would lower property demand . This shift could open up more possibilities for home buyers, particularly in areas once dominated by high rental pressure or heavy competition from first-home buyers.
Heading into 2025, homebuyers may notice a broader range of properties becoming available as housing supply begins to expand. The federal government’s Housing Accord aims to support the construction of 1.2 million new homes, forming part of a wider initiative to ease the ongoing housing shortage. Although high building costs and labour constraints remain hurdles, a steady rise in approvals hints at momentum returning to the sector.
With a federal election expected in the next few months, housing affordability is likely to take centre stage. Programs like the Home Guarantee Scheme and Help to Buy are already in place, and the possibility of new support policies could further boost the chances for buyers looking to enter the market.
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