We have just wrapped up another fascinating year in property, so it’s the perfect time to reflect on the trends, surprises, and key events that shaped the housing markets in 2024, and more importantly, look ahead to what 2025 might bring.

Joining me today is Dr. Nicola Powell, Chief of Research and Economics at Domain.

Together, we’ll unpack the major shifts we’ve seen this year, explore what they mean for investors and homeowners, and discuss the outlook for the year ahead in Domain’s End Of Year Wrap Up report.

At the end of our show today you should have some more clarity on what lies ahead for our housing markets, so let’s get started and see what lies in store for property in 2025.

Takeaways

• 2024 was a year of economic turmoil, but the housing market showed resilience.
• Interest rates remaining high have created uncertainty for buyers and sellers.
• The rental market is experiencing a shift with increased stock and lower vacancy rates.
• Melbourne's property market has underperformed due to various factors that we discuss
• Political policies will play a significant role in shaping the housing market in 2025.
• Sustainability is becoming increasingly important for buyers in the property market.
• The demand for green homes is rising, leading to quicker sales and higher prices.
• 2025 is expected to be a year of two halves, with potential growth in the second half.
• Regional markets are seeing interest from buyers seeking affordability.
• Understanding market dynamics is crucial for successful property investment.

Chapters

03:57 Surprises and Predictions for 2024

06:49 Melbourne's Market Dynamics

09:47 Shifts in Buyer Preferences

12:52 Regional vs. Capital City Markets

15:50 Forecasts for 2025

18:42 Government Policies and Their Impact

21:55 Sustainability Trends in Housing

24:40 Economic Concerns and Market Resilience

27:55 Final Thoughts and Predictions

Links and Resources:

Michael Yardney 

Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us 

Dr. Nicola Powell, Chief of Research and Economics at Domain. 

Domain End-of-year Wrap 2024 

Get a bundle of free reports and eBooks – www.PodcastBonus.com.au  

Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future. 

Shownotes plus more here: Navigating the Property Market: 2024 Insights and 2025 Forecasts from Domain with Dr. Nicola Powell