2025 Market Update
Australia’s property market appears set for renewed price growth in 2025 as demand lifts and supply remains constrained.
There are strong signals pointing toward renewed momentum in the Australian property market heading into 2025.
Westpac’s latest Home Ownership Survey released in March 2025 shows 29% of respondents have active property plans this year – matching the peak levels seen during the 2021 FOMO boom, and up by 1 million compared to 2024.
CBA’s loan data positions Queensland as the most stable housing market nationally, accounting for just 7% of their non-performing loans. This compares to 12% in WA, 26% in NSW, and 48% in VIC.
Meanwhile, the Productivity Commission reports a 53% decline in housing construction productivity over the past 30 years, highlighting the ongoing challenges limiting new supply.
With demand lifting and construction activity constrained, it appears the conditions are in place for further price growth in 2025.