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Ben Kingsley Blog post by Ben Kingsley

Should I Buy Property Now in Australia? Here’s What the Latest Auction Data (and Our Reel) Is Telling Us

A few weeks ago, we posted a short video on Instagram from a Melbourne auction. It was only 12 seconds long — just a quick pan of the crowd.

But the reaction was anything but small.

In a matter of hours, the reel racked up 17,000+ views and 40+ shares. That level of engagement told us something important: people are starting to feel the shift.

And now, fresh data confirms it.

According to Cotality (formerly CoreLogic), last weekend was the highest preliminary clearance rate since July last year, with capital cities hitting 73.9%. In Melbourne, the clearance rate surged to 76.6% — its strongest result since May 2023!

The question on many buyers’ minds now is:

“Should I buy property now in Australia in 2025?”

Let’s break it down.

We Called It Early: Why This Market Shift Wasn’t a Surprise

Back in October 2024, I wrote a blog titled Interest Rate Cuts are coming in 2025 – what to do before the rush, explaining why interest rates were likely to fall in early 2025 — and what that would mean for property buyers.

Here’s what I said at the time:

“When the first cut occurs—whether in February, March, or April—historically, property sentiment shifts positively, driving increased buyer demand.”

Guess what happened? The first cut came in February 2025! Evan and I covered all about it in our Feb 2025 RBA Video here >

Fast forward to April 2025, and our second blog, Market Sentiment is Changing Fast: What the 2025 Federal Election Means for Property Buyers, picked up on how government housing policies, tight supply, and rising confidence were combining to set the stage for a market rebound.

Now it’s happening in real time.

We’re seeing strong clearance rates, packed auctions, and a sharp lift in buyer engagement. From our own client appointments to social media reach, the signs are clear: sentiment is changing fast — and the momentum is building.

The Three Key Forces Driving the Market Right Now

  • Interest Rate Cuts Have Landed
    As we expected, the RBA has started cutting rates — easing borrowing conditions and unlocking demand that had been sitting on the sidelines.
  • Supply Is Still Tight
    Despite the uptick in demand, new listings remain low, particularly in high-demand markets like Melbourne and Sydney. When demand rises faster than supply, prices typically follow.
  • Buyer Confidence Is Rebounding
    Whether it’s investors re-entering the market or first-home buyers acting before prices climb, confidence is returning — and competition is ramping up.

So… Should You Buy Property Now in Australia?

If you’ve been sitting on the sidelines wondering whether 2025 is the right time to buy, my message is this:

Don’t wait for the headlines to catch up.

We’re already seeing on-the-ground momentum. The crowds are back. Clearance rates are up. And interest rates are trending downward.

That doesn’t mean it’s time to buy blindly — far from it. What it does mean is that the buyers who are prepared, strategic, and clear on their goals will be best positioned to take advantage of this shift.

Here’s What We Recommend

  • Plan before you act.
    Having a clear Property Portfolio Plan — not just a vague goal — can help you make smarter decisions with confidence. And of course, helps you stay away from FOMO!
  • Get your A-Team around you.
    That includes qualified property investment advisors, buyers agents, mortgage brokers, financial planners and tax accountants working together on a data backed tailored and strategic plan that works for your unique financial circumstances and the lifestyle design YOU want — something we specialise in at Empower Wealth.
  • Move before the next wave hits.
    When market momentum builds, delays can cost more than you think — both in purchase price and missed opportunity.

Stay Tuned: Our Mid-Year Market Outlook is Coming Soon

If you’re looking for deeper insights into where things are heading next, we’ll be recording our mid-year housing outlook on The Property Couch podcast in the coming weeks. We’ll cover:

  • What the data is really saying
  • How sentiment and fundamentals are aligning
  • And where opportunities are likely to emerge next

Make sure you’re subscribed to our podcast on Apple or Spotify you don’t miss it.

Final Thought

At Empower Wealth, we’re proud to help Australians make smart, informed property decisions, not just when things are booming, but before the momentum builds.

If you’re wondering “should I buy property now in Australia 2025?”, well I think the best next step is to get clarity first.

Knowledge is empowering… but only if you act on it.

If you’re ready to act, book your free and no-obligation consultation with Empower Wealth today via the forms below. Otherwise, catch up on the latest from The Property Couch to stay one step ahead.

 
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