Thinking of selling in 2025? Here is what the market is saying…..
2025 has started with on a positive note for regional home values, which rose a further 0.4% in January, reaching new record highs according to CoreLogic’s latest report.
CoreLogic’s research director, Tim Lawless suggests “Regional markets seem to be benefitting from a second wind of internal migration, along with an affordability advantage in some markets, and what looks to be some permanency in hybrid working arrangements across some occupations and industries.”
Late last year, ABS reporting on working arrangements revealed 36.3% of employed people usually worked from home, which was down from COVID-highs, but still above the 32.1% reported in 2019.
CoreLogic’s 2024 Housing Trends Report also indicated a notable shift towards regional areas as remote work becomes a more permanent fixture for many Australians. This trend is expected to continue into 2025, with buyers increasingly seeking lifestyle-oriented properties outside major urban centres.
Why Newcastle is desirable
With more people working from home, but with good access to Sydney, we believe Newcastle and Lake Macquarie are attractive options, offering relatively affordable housing options. Our region definitely has an appeal as a lifestyle destination to both families and young professionals; beautiful beaches, a vibrant arts scene, and a growing café culture.
Adding to this, there are several infrastructure projects in the pipeline too. The $500 million investment in the NSW Fast Rail project is positioned to make Newcastle even more accessible to major business hubs like Sydney and the Central Coast, and Newcastle 2040 Vision and Broadmeadow Precinct Regeneration.
As accessibility and enhancements to our region continues, we suspect our region will become even more desirable, these developments are likely to boost property values!
Price predictions
KPMG’s latest 6-monthly property report on Australia’s capital cities, predicts house prices will rise nationally by 3.3% over the next 12 months. At a regional level, according to some reports Newcastle has a predicted 5% growth.
Indeed, the majority of Australia’s real estate professionals (65%) predict house prices will rise in 2025, driven by improving affordability, rising incomes and the potential of cuts to interest rates, according to CoreLogic’s report.
If you want deeper insights into how the local market has been performing, we’ve taken data supplied by CoreLogic and Your Investment Property Magazine, for our Summer 2025 property.
Properties with us continue to sell quickly, averaging less than 30 days on the market. Across the 13 suburbs featured in our report, house prices have seen an impressive grown of 9.8%/ Cardiff South led the way with a 13.3% increase while Cameron Parch achieved a solid 7.1%.
Download our Summer 2025 report here.
What’s my house worth?
If you would just like to know what your house could get in today’s market, use our free online appraisal tool by Corelogic.
Or better still, contact us direct so we can come round and give you a more accurate free, independent and non-obligatory quote. We’re finding open homes are attracting strong interest particularly from first-home buyers and upgraders.
Our experienced and innovative team can give you great advice on what you can do to improve your property right now and we are constantly achieving great results for our clients, often exceeding price expectations.
Get the right agent
If you are thinking of selling, as well as doing some number crunching and looking at budgets, a critical factor in the decision-making process is getting the right agent to ensure you get the best price in the current market.
This is where we come in.
As of Newcastle’s longest established real estate offices, we have developed unique marketing strategies to ensure your property appears at the top of the search list for your type of property. Plus, we have a database of potential buyers looking for many different types of properties, so we can get your property directly in front of people genuinely interested in your type of property.
Read our blog on How to get the best price for your property to see what else us apart from other real estate agents.
We’d love to see you in our Cardiff office or you can give us a call on 02 4954 8833. Or send us an email to: mail@apnewcastle.com.au.
If you’re looking for more handy tips on selling your property, or what to look for when buying or selling a property check out our Facebook page.