Brett Warren , National Director – Metropole Group
The June quarter of this year has delivered a mixed bag of economic signals but for savvy property buyers and investors, there’s plenty to feel optimistic about.
Let’s start with the good news: the economy is back in growth mode.
After a weather-disrupted March, real GDP rose 0.6% in the June quarter, showing resilience and momentum, according to the Australian Bureau of Statistics (ABS).
While annual growth was modest at 1.3%, this rebound suggests stability is returning which is an encouraging sign for long-term property confidence.
Household spending also jumped 0.9%, with discretionary spending up 1.4% thanks to public holidays and EOFY sales. This uptick in consumer confidence often flows through to housing demand, especially in lifestyle-driven markets.
The average value of new home loans hit a record high of $678,011 – up 7.5% year-on-year. This reflects rising property prices, particularly in Queensland, South Australia, and Western Australia, where affordability and growth potential remain strong. For investors, these regions offer compelling opportunities to tap into upward trends before they peak.
Inflation has cooled to 2.1%, the lowest since early 2021, and wage growth remains steady at 3.4%, according to the ABS. Combined with strong labour demand and rising job vacancies, this creates a more predictable environment for planning purchases or expanding portfolios.
In short, while headlines may focus on broader economic challenges, the underlying data tells a more hopeful story.
For those ready to act strategically, the current climate offers a window of opportunity – whether you’re stepping into the market for the first time or positioning for long-term gains.
