by Sanjeev Sah | Feb 04, 2025 | Market Updates

Property prices are expected to continue climbing in 2025, but at a slower pace than 2024, according to PropTrack’s Property Market Outlook. 

The report predicts growth of between 1 and 4% this year, down from the 5.5% seen in 2024. 

The slowdown is likely to be driven by an increase in listings, which will dampen some of the competition for properties seen throughout 2024.  

This is good news for first-time investors as it creates a window of opportunity. 

First, an increase in listings means you’ll have more options to choose from, reducing the pressure to rush your decision. Second, slower price growth helps maintain affordability, giving you the chance to enter the market now while positioning yourself to benefit from long-term capital gains. 

PropTrack data shows that over the five years to October 2024, dwelling prices rose by an impressive 47.9%, highlighting the potential for significant growth over time.