Attwood Marshall Lawyers Legal Practice Director Jeff Garrett is joined by Troy McLachlan, Director of Collective Lending, to provide their latest insights on the property market.
As the dust settles on the Federal Election, there’s a lot on the minds of buyers, sellers, and real estate professionals across Australia. The housing market is feeling the ripple effects of political attention, shifting interest rates, and evolving bank lending criteria — and many are asking: is now a good time to buy, sell, or hold?
Whether you’re advising clients, preparing your next listing, or considering your own move, this update breaks down the key factors shaping the property landscape right now.
Federal Election 2025: Will housing policies move the market?
Housing affordability was certainly front and centre in the lead-up to the federal election — and for good reason.
Labor’s campaign promises:
- $10 billion to build 100,000 homes for first home buyers (by 2027),
- Expanded ‘Home Guarantee Scheme,’ where first home buyers only need to put down a 5 per cent deposit with government guarantees for the remaining 15 per cent to avoid lenders mortgage insurance. There will be no cap on places or income limits (by January 2026),
- Increased income and property caps for the ‘Help to Buy shared equity loan scheme’ (applications set to open later this year),
- Imposed a two-year ban on foreign buyers purchasing existing Australian homes (from 1 April 2025 until 31 March 2027, with the option of being extended),
- Supported maintaining negative gearing and capital gains tax concessions.
Anthony Albanese also recommitted to the “Homes for Australia” plan, under which the government had set an ambitious national target for the construction of 1.2 million homes over five years, with fast-tracked infrastructure and social housing projects. However, a recent Treasury briefing suggests these goals may not be met without major boosts to labour and materials supply.
What this means for agents and buyers: If policies shift after the election, we could see changes in demand, price pressure, and investor confidence. Stay close to your financial and legal advisors — and watch how quickly campaign promises turn into action.
Property prices: A mixed bag of stability and slowdown
National housing values are still climbing — but at a gentler pace.
- According to CoreLogic’s latest figures, home prices hit a new national high in April, rising 0.3 per cent to an average of $825,349. However, listing volumes and sales activity have softened.
- Regional markets have been more resilient than expected, showing modest monthly gains, with lifestyle areas still popular post-COVID.
Interest rates: further relief is here
After its last board meeting on Tuesday 20 May, the Reserve Bank cut the cash rate by 25 basis points to 3.85 per cent, marking the second rate cut this year and the lowest level in two years.
RBA Governor Michele Bullock described the move as a “consensus decision,” indicating that while a larger 50 basis point cut was considered, the quarter-point reduction was deemed appropriate. She emphasized that the global economic environment remains highly unpredictable, particularly due to escalating trade tensions following U.S. President Donald Trump’s recent tariffs.
Lending landscape: tighter checks, tempting offers
Banks are balancing caution with competition. We’re seeing an uptick in cashback offers, reduced intro rates, and more flexible loan structures to attract new borrowers.
Additionally, there’s also been a positive shift for younger buyers, with changes to how HECS-HELP debt is assessed, potentially improving loan eligibility.
Tip for real estate agents: Encourage clients to get pre-approval early and re-check borrowing power before making an offer — especially if their financial situation has changed in the past 6-12 months.
Expert insights: what the market looks like from a lender’s perspective
We checked in with Troy McLachlan, Director of Collective Lending, who works closely with buyers and investors navigating this evolving landscape. His key advice and insights?
“Competition is fierce right now, and that’s excellent news for borrowers — but only if they’re well-informed. We’re seeing more attractive rates and offers, but also fine print that could impact borrowers long-term through unnecessary refinancing or unsuitable loan structures,” explained Troy.
“The non-bank sector continues to show strong agility, offering faster turnarounds and market leading lending solutions, particularly for self-employed clients or those with unique financial profiles. However, the big banks are responding — with improved service levels and sharp pricing in select segments.”
Troy explained that with the Reserve Bank’s recent decision to reduce the cash rate in May, it’s a timely reminder for buyers to engage with their mortgage broker and review their current financial position.
“Whether you’re a buyer looking to understand your borrowing power, a homeowner considering refinancing, or an investor wanting to stay ahead, reviewing your loan strategy now could help you lock in savings, reduce long-term costs, and ensure you’re aligned with your financial goals in a changing market.”
“My advice? Work with a mortgage broker who understands the nuances and can navigate the full lending landscape. It’s not just about the rate — it’s about the right structure, strategy, and flexibility for your life plans,” said Troy.
What should you be doing right now?
No matter where you sit in the property ecosystem — seller, buyer, or advisor — the key themes this month are preparedness, timing, and professional support.
For buyers: Get your finance reviewed and keep your finger on the pulse. With lending tightening, small changes can make a big difference.
For sellers: Don’t be discouraged by talk of market slowdowns — premium presentation and realistic pricing still win.
For agents: Your clients will look to you for clarity amid uncertainty. Stay up to date with the latest policy announcements, lender trends, and market data.
Need help navigating property deals? Attwood Marshall Lawyers can help
At Attwood Marshall Lawyers, our experienced property and commercial lawyers work closely with real estate agents and finance professionals to help clients settle with confidence. From reviewing contracts to providing strategic advice during negotiations, we’re here to make the legal side of property clear and stress-free.
Please get in touch if you have any legal questions by contacting our Property and Commercial Department Manager Taylah Lein on direct line 07 5506 8208, email tlein@attwoodmarshall.com.au or call our 24/7 phone line on 1800 621 071.
Our offices are located at Coolangatta, Kingscliff, Robina Town Centre, Southport, Brisbane, Sydney, and Melbourne, so you can meet with one of our lawyers at a location near you. Our Robina Town Centre office is also open Thursday night until 9 pm and Saturday morning until 12 noon.
