2 A message from Nick Boyd. The first half of 2025 has unfolded as an interesting period for Australian real estate, shaped by a multitude of domestic and global forces. Despite an environment marked by uncertainty, from the federal election to international trade tensions, the Australian property market continues to demonstrate remarkable resilience and adaptability. Navigating political and economic headwinds Housing policy took centre stage in the 2025 federal election, with the Albanese government securing a landslide victory on the back of a housing-focused agenda. Their commitment to increasing supply and improving affordability and access to homeownership, especially for first-home buyers, has begun to influence market sentiment. Whether these initiatives translate into tangible improvements to housing accessibility remains to be seen. It is one thing to promise and another to deliver. In April, U.S. President Donald Trump’s announcement of new tariffs briefly sent shockwaves through global markets. While many of the tariffs were quickly paused, the episode highlighted the fragility of the global economy and Australia’s exposure to such volatility. It served as a reminder of the need to stay cautious, flexible and forward-looking. Market performance and regional trends Australia’s property markets have responded differently to ongoing economic pressures. Sydney and Melbourne, still feeling the aftershocks of 2024’s rate hikes, supply issues and rapid population growth, are showing early signs of recovery, driven by pent-up demand and returning buyer confidence. CEO OF BELLE PROPERTY, HOCKINGSTUART AND ACTON | BELLE PROPERTY
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