According to CoreLogic’s annual Decoding 2025 report, which surveyed over 2,400 real estate and finance professionals, 65 per cent expect house prices to rise, with a quarter forecasting gains above 5 per cent.
Queensland has emerged as the most promising market, with 70 per cent of respondents expecting price growth, largely due to strong internal migration patterns.
CoreLogic’s Head of Research, Eliza Owen, said economic conditions are aligning for increased buyer activity.
“Improving household savings and easing interest rates are expected to drive demand later in 2025, even as supply challenges persist,” Ms Owen said.
The Melbourne market is showing signs of potential recovery, with current median dwelling values of $774,000 sitting 6.4 per cent below their 2022 peak of $801,000.
First-home buyers are facing significant challenges, with 87 per cent of agents reporting longer saving periods and 77 per cent noting increased reliance on parental financial assistance.
“Despite some softening in the market in early 2025, it is expected conditions could pick up later in the year alongside lower interest rates, higher real income growth and improved affordability in markets like Melbourne,” Ms Owen said.
The upcoming Federal election has brought housing supply into focus, with 63 per cent of respondents identifying it as the top policy priority for addressing affordability challenges.
The survey revealed that real estate professionals are prioritising contact nurturing (84 per cent), website traffic conversion (83 per cent), and team prospecting culture (80 per cent) as key business strategies for 2025.
“Strategic housing policies targeting faster approvals, increased land release, and incentives for diverse housing types will be critical in addressing supply constraints,” Ms Owen said.
