The property markets in Australia and New Zealand are showing signs of stability and resilience, with modest growth and easing rental conditions across the board.
Australia: Slow Growth, Strong Foundations
The Australian housing market rose by 0.6% in June, with almost every capital city recording gains—except Hobart, which dipped slightly by -0.2%.
What’s interesting is that this growth is happening despite low home sales, suggesting underlying strength in the market. Advertised stock levels are down 5.8% compared to the same time last year, keeping supply tight and prices supported.
Rental growth is easing, with the national rental index rising just 1.3% through June—the lowest quarterly change since 2020. This signals a return to a more balanced and normal market, without the threat of a crash.
Spotlight on Perth, WA
With the majority of our members based in WA, it’s worth noting that Perth remains strong:
- 1,000 transactions reported last week, up from the previous 800+.
- Listings dropped to 3,675, down from around 3,900.
- Rental listings rose 3.2% week-on-week, now at 2,480.
- 642 properties leased, a 13% decrease from the week prior—likely just a normal weekly fluctuation.
Stock levels remain low but active, helping maintain a positive and stable environment for agents, landlords, and business owners.
New Zealand: Small but Steady Rebound
In Rotoroa, New Zealand, property values rose 0.2% in June and 2% for the quarter, rebounding slightly after minor dips in April and May. However, values remain 16% below their January 2022 peak, reflecting a deeper correction than Australia experienced.
The average house price now sits at $815,000 NZD. Annual change remains slightly negative at -0.7%, but the trend is stabilising.
Final thoughts, the data from both sides of the Tasman point to one truth: we’re entering a market where calm, controlled, and consistent action will outperform emotional or speculative behaviour. The agents and business owners who are investing in better systems, improving their follow-up, and staying close to clients will thrive—regardless of micro shifts in the market.
The real estate market isn’t crashing. It’s normalising. And that’s a very good thing.
Here’s to your success,
