Buyers and sellers have returned to the Australian property market after an interrupted April, according to The Agency’s  CEO of Real Estate Matt Lahood.

“Easter, school holidays and the Federal Election are now behind us and coupled with inflation data, which indicate that the only way for interest rates is down, buyers are ready transact.

“May is shaping up to be a huge month with strong auction numbers and sellers eager to list their homes after they stalled their campaigns when the election was announced.”

Mr Lahood added that May is one of the few months this year with five Saturdays, which boosts overall sales numbers for the month, despite the Federal Election.

“Momentum is also gathering in the lead up to the interest rate decision on 20 May, which is much later in the month than we have ever seen due to the RBA’s new meeting calendar,” Mr Lahood said.

“The February interest rate cut provided positive sentiment and now further rate cuts are likely to spur buyers into action.

“We expect this increase in buyer interest to spill over into winter and in particular June which will in turn see a highly competitive 2025 spring selling season.”

More The Agency Readings 

The Agency achieves historic highest sales month ever | The Real Estate Conversation

The Agency opens Sydney Surry Hills office Hub Servicing 50 suburbs | The Real Estate Conversation

The Agency expands with new headquarters in Brisbane | The Real Estate Conversation