Aussie Homebuyers Find Hope

For future homebuyers in Australia, there might be a silver lining on the horizon. A recent forecast suggests that the housing market is expected to hit a temporary pause in early 2025, offering a potential opportunity for those who have been struggling to enter the market.

According to Cameron Kusher, the director of economic research at REA Group, the housing market is likely to experience a slowdown in price growth at the beginning of the year. This slowdown, combined with sustained higher interest rates and an increase in the number of properties up for sale, could lead to a period of weaker price growth compared to previous years.

This anticipated lull in the housing market could provide a short-lived chance for aspiring homebuyers to make their move before market conditions shift. So, if you’ve been feeling daunted by the soaring prices and fierce competition in the real estate market, 2025 might just be the year when things start to look a little brighter for you.