Property markets historically experience a slowdown in the lead-up to Australian federal elections as buyers and sellers adopt a “wait and see” approach amid political uncertainty. Transaction volumes typically decline 4-6 weeks before polling day as investors pause major decisions until the future policy landscape becomes clearer. Post-election, regardless of outcome, markets tend to rebound as certainty returns and delayed transactions proceed.
The current cycle appears to be following this pattern. It’s been a slow month for buyer enquiry in April and listings have been tight, we are expecting a healthy rebound in May and June.
The latest market update: Cotality’s National Home Value Index In April, dwelling values increased by 0.3%, reaching a new all-time high. This growth has added about $2,720 to the median Australian home value.
The market continues to move ahead in Brisbane at a steady clip.
