Here are 5 key takeaways from the HTW Month in Review – December 2024
Market Divergence
Post-pandemic trends have led to divergence in Australia’s property markets, with Brisbane, Adelaide, and Perth seeing significant value gains, while Melbourne experienced a notable decline in house median values.
Interest Rate Impacts
High inflation and static interest rates throughout 2024 have cooled property markets, with anticipated rate cuts now pushed into late 2025.
Industrial Market Stabilization
After record growth, industrial markets are stabilizing with rising vacancy rates, higher leasing incentives, and constrained new developments due to rising costs.
Residential Price Trends
Housing prices showed mixed trends across regions in 2024, with WA, SA, and QLD experiencing growth, while NSW and VIC faced slowdowns in key areas.
Rental Market Challenges
The residential rental market stabilized after rapid post-COVID growth, with low vacancy rates persisting but rental price increases slowing in 2024.
Read the full article here: https://htw.com.au/wp-content/uploads/2025/01/HTW-Month-in-Review-Dec-2024.pdf