Australia’s housing market is heating up

Sydney’s auction clearance rate jumped to 72% at the end of May, up from 62% the previous week. Clearance rates fluctuate week to week, but anything above 70% usually signals a strong seller’s market — and rising prices. Similar trends are playing out in other major cities too, especially Melbourne and Adelaide.

We’ve now seen two rate cuts by the RBA this year — one in February and another in May — bringing the cash rate down to 3.85%. With recent economic data coming in soft, markets are almost certain another cut is coming in July.

🎯 Thinking of buying? It might be time to act.

🛠 Thinking of selling? July might be the time to prep.

📌 Now’s a great time to explore your options — whether you’re buying, selling, or investing.

June 2025