Property Market Trends: What’s Driving Prices Right Now?
The Australian property market is showing some interesting movements lately. While the pace of price growth has slowed in many areas, demand remains steady in growth corridors and family-friendly suburbs — much like Greystanes here in Western Sydney!
Key drivers include:
- Buyer Preferences: Many buyers are prioritising space, outdoor areas, and proximity to good schools. This continues to push demand in established suburbs with lifestyle appeal.
- Migration & Population Growth: Australia’s growing population and interstate migration to affordable areas are supporting housing demand.
- Interest Rate Sensitivity: Although rates are higher than pre-pandemic levels, many buyers are still actively looking, balancing borrowing costs with long-term investment potential.
For sellers, understanding local market conditions is key. Pricing right and timing your sale can make a big difference in how quickly you sell and for what price.
You can check out more detailed market updates on CoreLogic’s Australian Property Insights - https://www.corelogic.com.au/news-research/reports/property-report