Aussie property markets in autumn: expert predictions

Kelly Emmerton

01 Mar 2018

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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

Rates updated daily. Advertiser disclosure.

  • loans.com.au

    1.99% p.a.variable for 12 months and then 2.48% p.a. variable

    2.47% p.a.

    $1234

    Product details Close details
    Smart Booster Home Loan

    1 Year Discounted Variable Rate, Owner Occupier, Principal & Interest, <80% LVR

    1.99% p.a.variable for 12 months and then 2.48% p.a. variable

    2.47% p.a.

    A super low introductory rate home loan with no monthly or ongoing fees. Unlimited free redraws and unlimited additional repayments to help you build your equity and own your home sooner. Multiple loan splits available. (Rates revert after introductory period ends). 20% minimum deposit required.

    Smart Booster Home Loan

    A super low introductory rate home loan with no monthly or ongoing fees. Unlimited free redraws and unlimited additional repayments to help you build your equity and own your home sooner. Multiple loan splits available. (Rates revert after introductory period ends). 20% minimum deposit required.

    • 1.99% p.a.variable for 12 months and then 2.48% p.a. variable

    • 2.47% p.a.

    • $520

    • $0.00

    • $0.00

    • yes - free

    • yes - free

    • Optional - with 0.10% additional interest

    • $520

    • 80.00%

    • $50,000

    • $1,000,000

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Smart Booster Home Loan

    Details Close

  • UBank
    Mozo Expert Choice Badge

    2.34% p.a. variable

    2.34% p.a.

    $1234

    Product details Close details
    UHomeLoan - Discount Offer

    Owner Occupier, Principal & Interest

    2.34% p.a. variable

    2.34% p.a.

    Enjoy a super low rate, $0 fees and easy application with the Mozo Experts Choice Home Lender Bank of the Year.^ Free redraw with flexible repayments. Min 20% deposit.

    UHomeLoan - Discount Offer

    Enjoy a super low rate, $0 fees and easy application with the Mozo Experts Choice Home Lender Bank of the Year.^ Free redraw with flexible repayments. Min 20% deposit.

    • 2.34% p.a. variable

    • 2.34% p.a.

    • $0

    • $0.00

    • $0.00

    • yes - free

    • yes - free

    • no

    • $0

    • 80.00%

    • $100,000

    • -

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the UHomeLoan - Discount Offer

    Details Close

  • Athena
    Mozo Expert Choice Badge

    2.19% p.a. variable

    2.19% p.a.

    $1234

    Product details Close details
    Celebrate Variable Home Loan

    <60% LVR, Owner Occupier, Principal & Interest

    2.19% p.a. variable

    2.19% p.a.

    Fast online application with no fees. Free extra repayments and redraw facility. Min 40% deposit. Crowned Best New Home Loan for 2020 by the Mozo Experts.^

    Celebrate Variable Home Loan

    Fast online application with no fees. Free extra repayments and redraw facility. Min 40% deposit. Crowned Best New Home Loan for 2020 by the Mozo Experts.^

    • 2.19% p.a. variable

    • 2.19% p.a.

    • $0

    • $0.00

    • $0.00

    • yes - free

    • yes - free

    • no

    • $0

    • 60.00%

    • $100,000

    • $2,000,000

    • Variable

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Celebrate Variable Home Loan

    Details Close

  • Virgin Money

    2.04% p.a.
    fixed 2 years

    2.79% p.a.

    $1234

    Product details Close details
    Special Offer Reward Me Fixed Rate Home Loan

    Owner Occupier, LVR <80%, 300k+

    2.04% p.a.
    fixed 2 years

    2.79% p.a.

    Enjoy $3,000 cashback when you refinance with Virgin Money (T&Cs apply). Additional repayments up to $10,000 per annum. Reverts to the discounted variable rate on expiry of the fixed term.

    Special Offer Reward Me Fixed Rate Home Loan

    Enjoy $3,000 cashback when you refinance with Virgin Money (T&Cs apply). Additional repayments up to $10,000 per annum. Reverts to the discounted variable rate on expiry of the fixed term.

    • 2.04% p.a.
      fixed 2 years

    • 2.79% p.a.

    • $450

    • $10.00 monthly

    • $350.00

    • yes - up to $10,000 per annum

    • no

    • no

    • $450

    • 80.00%

    • $300,000

    • -

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    • $3,000 cashback for new borrowings of at least $300,000 with applications made by 22 Jan 2021 and settled by 23 April 2021.

    Read our Mozo Review to learn more about the Special Offer Reward Me Fixed Rate Home Loan

    Details Close

  • Macquarie

    2.09% p.a.
    fixed 2 years

    2.56% p.a.

    $1234

    Product details Close details
    Basic Home Loan

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

    2.09% p.a.
    fixed 2 years

    2.56% p.a.

    Flexible loan structure – create up to six loan accounts with different rate and repayment types. Free redraw from your loan using Macquarie Online.

    Basic Home Loan

    Flexible loan structure – create up to six loan accounts with different rate and repayment types. Free redraw from your loan using Macquarie Online.

    • 2.09% p.a.
      fixed 2 years

    • 2.56% p.a.

    • $0

    • $0.00

    • $400.00

    • yes - free

    • yes - free

    • no

    • $0

    • 80.00%

    • $150,000

    • $750,000

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Monthly

    Read our Mozo Review to learn more about the Basic Home Loan

    Details Close

^See information about the Mozo Experts Choice Home loans Awards

Expert property predictions

Sydney

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.

Melbourne

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.

Canberra

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.

Hobart

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.

Brisbane

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.

Adelaide

“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.

Perth

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.

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