September 2024 Market Update: Australian Property Trends

As September, 2024 comes to an end, Australia’s property market remains dynamic with significant changes in price movements, demand trends, and economic factors. This blog provides an in-depth look at the current landscape to help buyers, investors, and sellers navigate the market effectively.

Throughout 2024, interest rates have continued to rise, leading to a cooling effect on housing prices in some regions while others remain resilient. Sydney and Melbourne’s inner-city markets have experienced stable demand, particularly for family homes. However, regional areas are seeing increased interest due to lifestyle changes and remote working trends.

Additionally, investor activity has picked up as rental yields continue to strengthen, particularly in the apartment market. Demand for apartments, especially in inner-city areas, has surged, driven by affordability concerns and younger buyers entering the market.

Looking ahead, market experts predict moderate price growth in the latter half of 2024, especially in emerging suburbs and regional areas. Buyers should remain vigilant, stay updated on interest rate movements, and work with experienced agents to identify the best opportunities. Contact Cercle Property for expert guidance and personalised advice in navigating the evolving market.