Aussie property markets in autumn: expert predictions

The 1st of March is also the first day of autumn, which brings with it dropping leaves, chilier weather, and the autumn property season.

If you’re looking at stepping into the property market over the next few months, being prepared is key. That means being auction ready, knowing the market and crunching the numbers on your potential home loan so you can find the best deal and plan a budget. 

To help you in your home buying preparations, check out some killer home loan options in the table below, then read on for Mozo property expert Steve Jovcevski’s predictions for property markets in Australia’s capital cities this autumn.

Home loans to get you into the market this autumn - last updated 21 May 2024

Search promoted home loans below or do a full Mozo database search. Advertiser disclosure
  • Basic Home Loan

    Fixed, Owner Occupier, Principal & Interest, LVR<70%

    interest rate
    comparison rate
    Initial monthly repayment
    6.25% p.a.
    fixed 3 years
    6.20% p.a.

    No upfront or ongoing fees. Free extra repayments and redraw facility. Option to earn Qantas points. Min 30% deposit required. Borrow up to $750,000.

  • Discounted Home Value Loan

    Owner Occupier, Principal & Interest, LVR 70-80%

    interest rate
    comparison rate
    Initial monthly repayment
    6.09% p.a. variable
    6.09% p.a.

    Enjoy competitive rates for owner occupiers. Enjoy unlimited free extra repayments. Flexibility to redraw additional payments for free. No ongoing monthly service fee. Settlement fee waived on new borrowings from $50,000 (T&Cs apply).

  • Fixed Rate

    Owner Occupier, Principal & Interest, <80% LVR

    interest rate
    comparison rate
    Initial monthly repayment
    6.54% p.a.
    fixed 2 years
    7.10% p.a.

    Enjoy up to $3000 cashback for eligible first home buyers and $2000 cashback for refinancers on eligible home loans with the ANZ Fixed Rate Home Loan. Get the security of repayment certainty with a competitive locked in rate. No ongoing fees to pay. Offset account on 1-year fixed loans ($10/month fee applies). Interest-only payments allowed.


Expert property predictions


The Sydney market has begun to slow recently, but Jovcevski says it remains relatively strong.

“I’d expect clearance rates to stay pretty steady around the 65%-70% mark this autumn. The market has slowed down, and now that sellers are beginning to adjust their expectations and auction reserves, we’ll likely see more sales go through,” he said.


The Melbourne market, which is still driven mainly by first home buyers, is still growing, especially when viewed in comparison with Sydney. Jovcevski is counting on the market in Melbourne to remain stable.

“Clearance rates will probably stick around 70% - I’m not expecting a drop in Melbourne the way there might be in other markets,” he said.


Jovcevski has Canberra pinned as a top performer this autumn, with clearance rates going as high as 65%-70%.

“The market is a bit quiet at the moment, but Canberra is a great spot for investors because it has low vacancy rates and high rental yields, so there’s always going to be demand there,” he said.


You can’t judge Hobart by its low clearance rates, because according to Jovcevski, it isn’t an auction dependant market. Instead, a better marker might be the super low vacancy rates in the city at the moment.

“Low vacancy rates and interest from interstate investors means the Hobart market could even grow another 10% this year,” Jovcevski predicted.


Like Hobart, Brisbane isn’t an auction focused market, so the low clearance rates aren’t cause for concern. Jovcevski said an improving jobs market after the end of the mining boom and the relatively low prices available in the city might tempt first home buyers to the market.

“Brisbane houses in particular I’d expect to rebound and improve. Units in Brisbane never seem to do as well comparatively,” he said.


“Consistency is the name of the game in Adelaide. The market generally see 3-4% yearly growth and that trend is likely to continue,” said Jovcevski.

This slow and steady growth makes Adelaide a reliable pick for investors, but it may also be another area of interest for first home buyers this autumn, thanks to still affordable prices.


The Perth market has been in freefall for a while now, but according to Jovcevski, what goes down in the property market must come back up, and the city is in for an upward swing - just not quite yet.

“Perth is getting close to the bottom of the market now, but until it hits that point, there’s going to be a lot of ups and downs. This autumn might be too soon to buy in Perth. It’s not a market for the faint of heart at the moment,” Jovcevski said.

Calculate your home loan repayments

We can show you the monthly repayment amount for a range of loans

home with heart

* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home Loan Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.