SBP March 2025 Market Update
March Market Updates & Insights
The housing market has undergone significant transformation over the past 5 years, shaping new opportunities and challenges. At SBP Realty, we’re here to guide you through these changes with confidence.
Housing Market Trends
- Home Values on the Rise
- National home values have grown 38.4% since March 2020.
- This increase has added approximately $227,000 to the median dwelling price.
- Growth far exceeds the previous five-year periods:
- 20.6% (2010–2015)
- 14.7% (2015–2020)
- Rising Rents
- Since 2020, rents have increased by 36.1% across the country.
- Median rent is now $171 per week higher than pre-COVID levels.
- This equates to an additional $8,884 per year for renters.
Prelimary Clearance Rates
Melbourne & Sydney
- Melbourne: 1,227 auctions
- Sydney: 921 auctions
- Both cities have maintained preliminary clearance rates above 70% for 5–6 consecutive weeks
