Spring has once again brought renewed energy to the real estate market, with blooming gardens, greener streetscapes and increased stock creating the perfect conditions for buyers and sellers.
With recent interest rate reductions and changes to first home buyer schemes adding to the momentum, agents say the back half of the year is shaping up to be one of the strongest in recent times.
Local sales agent Adam Gambrill said the season has always been a highlight in the property cycle.
“Spring is seen to be the peak selling period in the 12 monthly in the yearly cycle of real estate,” Mr Gambrill said.
“More often than not, what you will see through the spring months is an influx of listings because the gardens are really coming into flower, and the trees are starting to take off, and the grass is looking nice and green.
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“It’s just traditionally quite a strong period for which people look to, obviously, put their home on the market.”
Mr Gambrill said spring typically delivers two major factors, more homes being listed and more buyers actively looking.
“There’s often a lot of buyers looking around during that time because of the stock that is available,” Mr Gambrill said.
“It is usually a very strong period of the year for real estate.”
The combination of fresh listings and motivated buyers makes spring a competitive but opportunity-rich market.
Buyers are drawn to properties that look their best in the warmer months, while sellers benefit from increased demand and faster sales.
A key shift this year has been recent changes to interest rates, which Mr Gambrill said have had a positive impact on buyer sentiment.
“Things are trending quite well towards the back half of this year,” Mr Gambrill said.
“There has, over the course of the last six to 12 months, been some interest rate reductions, which has really put some positivity back into the buyers and back into the market.”
These financial changes have provided reassurance to those considering their first purchase or looking to upgrade, helping balance affordability with confidence in the market’s stability.
Alongside interest rate reductions, adjustments to first home buyer schemes and benefits have also boosted activity.
“The other thing that’s recently happened is a few changes to the first home buyers schemes and benefits,” Mr Gambrill said.
“Again, that is only going to add some more positive sentiment to buyers, which is obviously going to stimulate the market.”
With more support available, first home buyers are returning to the market, increasing competition for entry-level homes and encouraging owners to list their properties.
The demand isn’t limited to residential homes in town.
Rural lifestyle properties, those offering space, land and country living, are also generating strong levels of interest.
“We’re already seeing very early on very strong levels of inquiry across the board, both residentially and lifestyle rural properties,” Mr Gambrill said.
This dual interest shows that both traditional buyers and those seeking a tree-change are active, creating opportunities across all areas of the market.
With strong buyer inquiry already being recorded, Mr Gambrill said the coming months look bright for both sides of the market.
“I’m pretty buoyant on the fact that the back half of this year is going to be really strong and create opportunities for both buyers and sellers,” Mr Gambrill said
For now, all signs point towards a good spring season, where lush gardens, stable financial conditions and increased government support are combining to deliver confidence and momentum across the region’s property market.
