AllenWargent’s 2025 Property Outlook

https://ausbiz.com.au/media/allenwargents-2025-property-outlook?videoId=39746

Pete Wargent from AllenWargent Property Buyers foresees a mixed outlook for Australia’s 2025 residential market. He sees momentum in cities like Perth, Adelaide, and Brisbane, but notes falling prices in Melbourne due to land tax and other concerns. Central Coast and Newcastle show some market promise.

Pete comments that higher mortgage rates impact Melbourne and Sydney, despite minor cuts from banks like Macquarie. He notes a shift back to variable rates as borrowers speculate on lower future rates. Mortgage arrears decline in Western Australia and Queensland, aided by full employment and low rental vacancies.

Investor activity sees recovery, despite previous forced sales. Pete sees potential in exploring undervalued markets like Victoria. While house prices surged during the pandemic, apartment prices lag in Sydney and Melbourne due to high construction costs.

As always individual asset selection is of utmost importance.

https://ausbiz.com.au/media/allenwargents-2025-property-outlook?videoId=39746