What to Watch in the Spring Property Market

According to new insights from REA Group this spring is shaping up to be one of the busiest in years, with five major trends driving the market nationwide as well as right here in the Shoalhaven and Illawarra. Read how this might affect you.

1. Interest Rates Are Easing

After three rate cuts this year, borrowing power has improved and confidence is flowing back into the market. While mortgage rates are still higher than they were pre-COVID, local buyers are finding lenders more competitive, which is giving house hunters in our region a bit of breathing space.

2. Home Prices Are Rising Again

Nationally, home prices are climbing, with Sydney and Melbourne leading the recovery. Here in NSW, the Illawarra and Shoalhaven are feeling that ripple effect. Regional NSW recorded 4.4% annual growth, pushing the median home value to $734,000. That steady climb shows demand is alive and well across the South Coast, giving sellers plenty of confidence this spring.

3. First-Home Buyers Get a Boost

From October, the expanded Home Guarantee Scheme will let first-home buyers enter the market with just a 5% deposit and no lenders mortgage insurance. For locals trying to break into the property market, this could be the helping hand they’ve been waiting for—but it will also add more competition in the affordable price ranges.

4. Investors on the Move

Investors are active again, with some chasing yield in cities like Darwin. Closer to home, rising rents and ongoing demand for lifestyle areas mean the Illawarra and Shoalhaven remain appealing. Investors see strong rental demand here, especially with sea-changers and tree-changers still moving into our region.

5. Housing Supply Is Tight

Stock levels remain patchy across Australia, and our local market is no different. A seasonal lift in listings is expected, but new builds aren’t keeping up with population growth. For buyers, this means acting quickly when the right property comes up; for sellers, it’s a chance to stand out while competition is still relatively low.

The takeaway: Lower interest rates, rising prices, and government incentives are all converging this spring. For Shoalhaven and Illawarra locals, that means a busy season ahead with strong opportunities for both buyers and sellers.

Read the full article here: https://www.realestate.com.au/news/from-prices-to-policy-the-5-big-trends-shaping-home-buying-this-spring/