12 SYDNEY, NSW Sydney’s property market is showing clear signs of recovery, supported by economic improvements, policy incentives and a recent 25 basis point rate cut. Auction clearance rates are rising and buyer confidence is improving. Over the past year, median house values rose 1.2% to $1,473,393, while unit values saw a modest 0.1% annual increase to $851,934. First-home buyer schemes, such as the 5% deposit with no lenders mortgage insurance, are boosting affordability and access. While challenges remain, stable interest rates and lower entry costs are driving activity, especially in outer suburbs like Blacktown, Penrith, and Campbelltown. Infrastructure investment and targeted support are opening doors for young families and first-time buyers. As of mid-2025, Perth’s property market continues to outperform other Australian capitals, driven by strong demand, limited supply and favourable economic conditions. The median house price reached a record $770,000, up 2.7% in the March quarter, while the median unit price rose 4.0% to $520,000. Annual dwelling value growth hit 10.0%, leading all capital cities. High-quality properties are selling quickly, though demand for older homes with high strata levies has softened. Growth is fuelled by over 1,000 weekly interstate and international arrivals, sustaining housing demand. Construction faces skilled labour shortages, limiting new supply. While price growth may moderate, forecasts predict up to 10% growth in 2025, keeping Perth among Australia’s strongest-performing markets. Source: REIWA PERTH, WA
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