Those working at the coalface of the market are feeling more confident about property price growth in 2025. CoreLogic’s 2025 Outlook says 65% of real estate agents anticipate prices will continue to rise this year, compared with 57% at the same time in 2024.

Head of Australian Research, Eliza Owen, says the results also show industry insiders expect the Melbourne market will have a better year in 2025. “Melbourne has established an affordability advantage and could experience improved capital growth performance in 2025, driven by lower interest rates, higher real incomes, and better affordability,” she says.

The Q4 2024 APIM Property Sentiment report, released this week, also shows a move in interest to the Victorian property market. It was the second most popular state for buyers in the past 12 months, second only to Queensland. The report also says it is second only to Queensland for having the best property investment prospects in the next 12 months.

In all, 345 of respondents picked Queensland as the top state for investment in 2025, 20% picked Victoria, 18% picked Western Australia, and 13% picked New South Wales.