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EOFY MARKET UPDATE - JULY

As we enter the new financial year, Australia’s property market continues its upward trend. In May, national home values rose by 0.5% to a median of $831,288, up from $825,340 in April.

This steady growth reflects rising buyer confidence, driven by lower interest rates, stronger auction results and increased political stability. With property prices expected to climb well into 2026, it could be an ideal time to take the next step, whether you're buying, investing or upgrading.

Closer to home, this trend is being felt in high-demand lifestyle regions like Sydney’s Northern Beaches, where local market activity remains strong. Domain’s latest Price Forecast Report suggests buyers could be paying tens of thousands more by this time next year. With values tipped to rise, many buyers are acting now to avoid future price jumps, which is welcome news for sellers considering a winter campaign.

Following this, we explored the common question: How much profit can I expect from the sale of a property? The answer varies, but key drivers include location, condition, market timing and, crucially, the agent you choose. With expert local knowledge, your Raine & Horne Northern Beaches team can help you unlock your property's full potential.

In June, we also examined: Do ‘green’ renovations add value to my home? With energy costs climbing, smart sustainability upgrades could reduce bills and increase long-term resale appeal, especially in environmentally aware communities like the Northern Beaches.

Our 2024-2025 Financial Year Wrap-Up:

Number of Sales: 126

Average Sale Price: $2.19M

Total Sales Volume: $265M+

Average Days on Market: 41

Buyers Met: 5.5K+

Our Core Area Ranking: #1

Number of Properties Leased: 53

Average Leased Price: $925/w

Ready to make your next residential property move? Contact Raine & Horne Northern Beaches to achieve your property goals on 02 9999 0800.