Townsville is tipped to become Australia’s hottest property market in 2025, with home prices forecast to surge up to 30 per cent.
Propertyology’s 2025 Property Market Outlook predicts 11 of the nation’s 25 largest cities will experience boom conditions, defined as annual growth above 8 per cent.
The firm’s head of research Simon Pressley said 20 cities with populations of 100,000 or more were on track for positive growth amid a surge in upgraders and first-home buyers.
RELATED: The top four places to invest for your retirement
How much is a home with a view worth
Which were Australia’s best performing suburbs in 2024?
But there’s more pain in store for sellers in Sydney and Victoria, with the latter dubbed “Australia’s problem child”.
The Sunshine Coast is forecast to be Australia’ second best performing city, with 12-16 per cent growth likely in 2025.
Adelaide, Brisbane and Perth are also expected to achieve double digit growth.
The report points to more …