Quarter 1 Starts With Confidence

Quarter 1 Starts With Confidence

By Ellen Blundy | April 2025

As we wrapped up the first quarter of 2025, the property market across Berwick and its surrounding suburbs proved that buyer confidence is growing strong – even in the face of broader economic conversations.

Solid Turnout, Competitive Offers
Open homes were buzzing throughout the quarter, particularly for well-presented properties priced in line with current market expectations. These homes attracted solid interest and multiple competitive offers, highlighting that demand remains strong – especially for homes that tick all the right boxes.

An increase in new listings gave buyers more choice, while sellers continued to benefit from this sustained activity. This healthy balance of supply and demand has helped to maintain momentum across the local market.

Buyer Resilience Despite Broader Headlines
While talk of interest rates and the rising cost of living continues, local confidence is holding firm. Buyers remain proactive, keen to secure property before any potential changes to economic policy or housing incentives later in the year.

As we head into the cooler months and approach the Federal Election in May, we encourage both buyers and sellers to view this as a time of opportunity. Open communication, adaptability, and strategic decision-making will be key to navigating the coming months with success.

• Berwick: Median house price of $910,000, with homes spending an average of 39 days on the market.
• Beaconsfield: A strong performance with a median price of $1,002,750 and a quicker average selling time of just 22 days.
• Beaconsfield Upper: Continued interest in lifestyle properties, with a median sale price of $1.4 million and homes spending around 43 days on market.
• Officer: A competitive and robust market with a median price of $720,000 and properties moving in 35 days on average.
• Harkaway: While fewer transactions occurred, homes that did sell spent an average of 65 days on the market, reflecting the unique nature of this prestige pocket.

Looking Ahead: The Election and Market Confidence
With the Federal Election set for 3 May, there’s naturally some discussion about how this may impact property decisions. Historically, elections can bring short-term hesitation – but so far, buyer enquiry levels remain steady.

For sellers, now is the time to ensure your property is priced strategically and presented to stand out. Transparency, tailored marketing, and strong agent communication will make all the difference.

Thinking of making a move this year?

Whether you’re buying, selling, or just exploring your options, our expert team is here to help you navigate your next move with confidence. Get in touch today to learn more about the current local market and how we can support your goals.