Australian property market trends:

Currently in the Australian property market, there are several significant trends shaping the sector. One of the most notable trends is the record rise in property prices, particularly in major cities like Sydney and Melbourne, previously driven by low interest rates, strong demand from domestic and international buyers and the housing shortage. The rise of flexible and remote working arrangements has also led to increased interest in regional and coastal areas, prompting a move away from densely populated cities. The government’s focus on sustainability and energy efficiency is driving growing interest in green building and housing practices. Furthermore, the constant influx of foreign investments, particularly from Asian markets, further strengthens the dynamism of the real estate market. However, current mortgage interest rates remain higher and inflation makes it even more difficult to purchase homes. Ongoing concerns about housing affordability and the need for regulatory measures to cool the market remain at the forefront of discussions in the Australian property sector.