As we approach the halfway point of the year, it’s a great time to reflect on what we’ve achieved so far and make sure we’re still on track to reach our yearly goals. Take a moment to review your progress, identify any areas that need extra attention or improvement, and make the necessary adjustments to keep moving in the right direction.
Now going to the market, April marked the third consecutive month of growth in Australian dwelling values, up 0.3% nationally—a promising trend. While the increase is modest, consistency over three months signals a potential market upswing.
Overview in Australia
- Capital city performance: Darwin led the charge with a 1.1% rise, followed by Sydney and Melbourne at 0.2%. Brisbane, Adelaide, and Perth hit record-high values annually.
- Regional vs. Metro: Regional markets outpaced capital cities again, with a 0.6% rise versus 0.2%. Regional South Australia and Western Australia stood out.
- Housing vs. Units: Houses grew 1.1% in value, outpacing units (0.5%) amid continued buyer preference.
- Rental growth: Rents rose by 0.6% nationally for the third straight month, with gross rental yields hitting 3.52%—the highest in nearly a year.
- Listings & activity: April saw low listing volumes (lowest since 2019), largely due to Easter and school holidays. However, activity rebounded quickly post-holiday
Perth Insights
Perth’s property market remains active despite a few challenges. Sales dropped by 7.5% compared to the previous week, but with 911 transactions, activity is still solid. Land sales fell sharply, likely due to limited supply or ongoing construction delays. On the rental side, availability remains low with only 2,325 properties listed—well below what’s needed to meet demand. Even as listings typically slow in winter, buyer interest is staying strong.
New Zealand Snapshot
- Home values in areas like Otaroa (New Zealand) rose 0.3%, maintaining a steady recovery since early 2025.
- National values reached NZD $819,000—still below the January 2022 peak but improving.
Looking ahead, the market outlook remains cautiously optimistic. Growth is being driven by low housing supply and the potential for rate cuts, though affordability and lending conditions remain challenges.
I hope these insights help you reflect on your goals, and may the rest of the year bring you even greater success and unforgettable moments.
Here’s to your success,
Ryan
