SBS: Buyer Activity Surges Ahead of April Rate Decision

Gambit Property Director Amir Khawaja joined SBS to discuss the surge in buyer activity across Australia's property market, particularly in the new homes segment, and what's driving the momentum ahead of the RBA's April rate decision.

Key Discussion Points

In the interview, Amir highlighted several factors driving the current wave of buyer activity:

• Rate cut expectations: Buyers are anticipating further rate relief and positioning themselves ahead of expected price increases that typically follow rate cuts.
• First-home buyer incentives: Government grants and stamp duty concessions are making new homes particularly attractive to first-time purchasers.
• Supply shortage urgency: With construction completions at decade lows, buyers recognise that available stock is limited and competition is intensifying.
• Population-driven demand: Record migration levels are creating immediate pressure on housing availability, particularly in Melbourne and Sydney.

Market Momentum

The interview explored how buyer sentiment has shifted significantly in 2025. After a period of caution through 2023 and 2024, confidence is returning as the market stabilises and rate cut expectations strengthen. Auction clearance rates across Melbourne have lifted to above 65%, indicating genuine competitive pressure among buyers.

Amir noted that the strongest demand is coming from owner-occupiers looking to upgrade and first-home buyers leveraging government incentives. Investor activity is also picking up, particularly for properties with strong rental yield fundamentals in supply-constrained suburbs.

Implications for Buyers

For those considering a purchase, Amir's advice was clear: waiting for rates to drop before buying often means paying more for the same property. The market tends to price in rate cuts before they happen, meaning the best opportunities exist before the RBA acts. Buyers who have their finance pre-approved and are ready to move quickly will have a significant advantage in the current market.