In 2024, Australian homebuyers experienced significant relief with a 7.9% increase in new home listings compared to 2023, reaching the highest level since 2021. This surge in available properties provides buyers with more options and potential bargaining power in the market. Factors contributing to this increase include homeowners capitalising on equity gains to upgrade or move, and financial pressures due to higher interest rates prompting some to sell. Major cities like Sydney, Melbourne, and Perth saw notable growth in listings.
For 2025, more listings and slower price growth could pose challenges for sellers, particularly in Sydney and Melbourne, potentially leading to price drops. Interest rates and potential election implications on housing policy will play crucial roles.
Source: Herald Sun
At One Point Wealth, we recognise the importance of these developments for our clients. Our expert advisors are ready to help you navigate this evolving market, ensuring you seize the best opportunities to achieve your property goals.