Spring property boom promises big wins for investors

“These are three very powerful things that are going to create; each of them will contribute to greater momentum in prices and also higher levels of demand for housing,” Powell said to REB.

In its latest report, Spring Awakening: How Sunshine Shapes Australia’s Property Market, Domain analysed the last decade of data and found that the spring market always sees an increase in listings, sales, auctions, and prices.

“Spring does have a predictable power; it is the ultimate time when our homes present the best in that spring awakening,” Powell said.

She said that spring has historically brought unique opportunities for the sector, as sellers can present their homes at their best, and buyers gain access to the largest variety of properties, with the market buzzing with activity.

Additionally, Powell noted that Australia’s spring, coinciding with the start of the summer holidays and the end of the calendar year, contributes to the seasonal property rush.

“I think people want to get those deals done. They want to move in before Christmas, and they want to start the new year fresh in their home.”

According to Domain’s data, spring consistently delivers the strongest seasonal price gains, averaging a 2.6 per cent lift from winter.

Nationwide, over the last decade, Brisbane, Canberra, and Hobart have led the country with a 3 per cent increase, driven by better presentation and the timing of high-quality listings.

Similarly, data showed that over the last decade, spring has been seeing a surge of nearly 6 per cent in listings nationwide from the winter market, before easing back in summer.

Spring has also consistently driven the busiest sales period of the year, with national transactions averaging 8.4 per cent higher than those in winter.

Despite slightly more listings in autumn, over the last 10 years, spring saw more vigorous market activity and higher conversion rates from listings to sales, led by Canberra (12.8 per cent), Hobart (12.2 per cent), and Perth (10.7 per cent), with Adelaide being the only city that doesn’t see a spring boom.

Domain’s data also showed that spring has historically been the busiest auction season, with volumes 31.1 per cent above those of winter and almost 65 per cent higher than those of summer.

Powell said that Sydney and Melbourne have consistently driven auction strength, with clearance rates improving, and July 2025 marked the highest clearance rates over the last decade for the winter season.

She said she is expecting the auction market to pick up the pace further this spring season.

“I think the auction market is going to be one to really watch as spring unfolds, and particularly as we see those auction volumes ramp because we do see a robust lift in auction volumes over spring.”

Powell said that pricing will be the ultimate key to having a successful auction, especially in the Melbourne market, as buyers have been increasingly acting with urgency to secure properties while prices remain below previous peaks, driven by tightening supply and improving conditions.

She said that this spring, agents will have to stay up-to-date with comparative sales and market dynamics to ensure correct pricing occurs.

“We’re in a market where prices are rising, so that means that the market is changing every week; it’s changing dynamics.”

Additionally, Powell said that the spring market would remain uneven across the country, with some capital cities doing better than others.

“I do think we will see supply rise, which means there will be a bit more competition out there.”

“However, the flip side of that is that most buyers are also sellers, and vice versa, and we do see demand take an uptick in response to higher supply as well over spring,” she concluded.

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