In our monthly sessions, we’ve had the honour of hosting incredible speakers and creating a space for open dialogue, where all members can share insights and receive support. We take great pride in the growth and evolution of these Supercharge Sessions. We also cover market tracking and stats, noting varying trends across Australia and New Zealand.
The Australian and New Zealand property markets are shifting, with February marking a potential turning point after a brief downturn. Here’s what’s driving the change:
Key Drivers
- Improved market sentiment, driven by expected interest rate cuts.
- Higher auction clearance rates, signalling renewed buyer confidence.
- Fewer new listings, creating a supply-demand imbalance.
- Growth led by Sydney and Melbourne’s upper market segment.
Rental Market: Slower Growth, Still Above Average
- National rents rose 0.6% in February—the highest since May but below past February figures.
- Annual rental growth (4.1%) remains double the pre-pandemic average.
- Slightly higher rental yields suggest improving returns.
Perth: A Market Cooling
- Sales slowing, with stock levels rising to around 5,000 properties.
- Buyer urgency has eased compared to last year.
- Future trends depend on stock levels leading into winter.
Looking ahead, while February’s data hints at renewed growth, factors like stock levels, interest rates, and economic shifts will shape the market. Staying informed and working with experienced professionals is key to navigating these changes. We urge members to capitalize on momentum, adapt to changing dynamics, and adopt proactive selling strategies to align with market demands.
Here’s to your success!
Cheers
Ryan
