Confidence in property price growth is rising, with 65% of real estate professionals expecting further price increases in 2025, according to CoreLogic’s 2025 Outlook. This marks a notable increase from 57% at the same time in 2024.

Eliza Owen, Head of Australian Research at CoreLogic, notes that Melbourne is positioned for stronger capital growth this year.

“Melbourne has gained an affordability advantage, which, combined with lower interest rates, rising real incomes, and improved affordability, could support stronger price appreciation in 2025,” she says.

The latest Q4 2024 APIM Property Sentiment report also highlights growing investor interest in Victoria, ranking it the second most sought-after state for property buyers over the past 12 months, trailing only Queensland.

The report further reinforces Queensland’s dominance as the preferred property investment destination for the next 12 months.

Of the 345 respondents, Queensland emerged as the top choice, followed by Victoria (20%), Western Australia (18%), and New South Wales (13%).