Spring Market Snapshot: What’s Happening in the Property Market Right Now?

Spring is officially here, and with it comes one of the busiest and most opportunity-filled periods in the Australian property calendar. Warmer weather, blossoming gardens and renewed buyer motivation all combine to create ideal selling conditions. But what exactly is happening in the market right now? And what should buyers and sellers expect as we move through September?

Here’s a fresh snapshot of what you need to know about the property market this spring.

Buyer Confidence is on the Rise

After a more cautious winter period, buyer confidence is showing signs of recovery. Interest rate stabilisation in recent months has encouraged more buyers back into the market, particularly first-home buyers and upgraders who had previously adopted a wait-and-see approach.

Open home attendance is also increasing, especially in sought-after lifestyle suburbs and family-friendly areas close to schools, parks and shopping precincts.

Listings Are Picking Up but Still Below Long-Term Averages

Spring traditionally brings a wave of new listings to the market, and early signs suggest we’re seeing that uptick again in 2025. However, total listing volumes in many areas remain slightly below the five-year average. This creates a unique opportunity for sellers to stand out while stock levels are still catching up.

If you’re considering selling this season, coming to market early in spring could put you ahead of the curve before competition builds further into October and November.

Property Presentation Matters More Than Ever

With more homes entering the market, buyers are becoming increasingly selective. Presentation is playing a bigger role in influencing buyer perception and offer strength. Homes that are styled well, maintained properly and marketed with high-quality photography and video are seeing more engagement and quicker results.

Landscaping, spring cleaning and small interior upgrades can make a big difference in today’s market.

Price Growth Is Steady in Key Regions

In many capital cities and strong-performing regional areas, property values have remained stable or experienced modest growth in recent months. Suburbs offering affordability, lifestyle access and solid infrastructure are outperforming the wider market.

Areas where infrastructure projects are underway, or where demand from interstate migration is strong, are seeing increased activity from both investors and owner-occupiers.

Rental Demand Remains High

Vacancy rates remain at historic lows across much of Australia, putting continued pressure on renters and increasing the need for quality, long-term housing. This ongoing demand is prompting renewed interest from investors, particularly in areas where rental yields are stable and population growth is strong. While affordability challenges remain for tenants, the return of investors to key markets may help ease supply shortages over time. This is especially true in high-growth suburbs where demand for rentals continues to outpace availability.

Key Takeaway

The spring 2025 market is shaping up as an active, opportunity-rich environment for both buyers and sellers. With buyer interest increasing and listings beginning to flow, now is the time to take strategic action whether you’re preparing to sell, looking to buy or simply reassessing your position in the market.

Looking for tailored advice in your local area?
Contact your local BHGRE agent today for an up-to-date market appraisal and guidance for your next move.