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Australian Property Market Review – October 2024

In October 2024, Australia’s property markets are influenced by both global economic pressures and local demand. For instance, while most cities saw price growth, Melbourne stands out with a dip in residential property values, contrasting with rises in cities like Sydney and Brisbane.

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Australian Property Market in September 2024: Trends and Regional Insights

In September 2024, Australia’s property market faces high interest rates and building costs. The industrial sector is strong, driven by demand for warehouses near major cities like Sydney, Melbourne, and Brisbane. Residential markets are feeling the pinch, with suburban areas offering more affordable land than city centers. Many investors are cautious, focusing on suburban and regional areas where prices are lower.

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Property Forecast

The property trends that drove price increases in 2023/24 are anticipated to continue into quarter 4 of 2024, supporting ongoing price growth despite challenges such as reduced affordability and rising interest rates.

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Sanctus Partners: Your property team

Selling, investing or developing, we’re here to support you every step of the way. Reach out to discuss your property journey—we look forward to connecting with you soon.

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