The Australian property market is gearing up for a transformative 2025. From shifting affordability challenges to new property laws and global economic pressures, big changes are underway. These changes aren’t just reshaping the way buyers and investors navigate the market, they’re also redefining how legal professionals approach property transactions.
In this post, we chat to InfoTrack’s Head of Property Australia, Lee Bailie, as he breaks down the key trends driving the market, and shares insights into what they mean for the legal landscape.
Three major trends are shaping Australia’s property market this year. Here’s what’s driving the change and how it’s impacting the legal industry:
With a persistent property shortage and sky-high prices, the federal government is stepping in to reduce regulatory barriers and make homeownership more accessible. Expect legislative updates to streamline the buying process—good news for first-time buyers—but a shift that will also impact property law. Legal practitioners must stay ahead of these changes to support clients through new processes.
While some predict interest rate cuts as early as February 2025, most experts agree rates will remain steady throughout the year. Stable rates influence how buyers and investors make decisions, pushing legal professionals to adapt their advice on conveyancing and financing strategies. Staying informed about rate trends is critical for anyone navigating property law in 2025.
Higher living expenses are forcing Australians to rethink their property expenses, from mortgages to investment strategies. Legal professionals may see a surge in demand for advice on refinancing, asset protection, and property transactions as individuals look for ways to manage financial pressure.
The housing affordability crisis could have long-term implications for property law. If fewer people can afford to buy, conveyancing matters may decline, impacting transaction volumes and productivity for law firms.
For legal practitioners, this means a focus on innovation is essential. Streamlining processes, adopting technology, and enhancing efficiency will help firms stay competitive in a market that demands more with less.
Global uncertainty is making waves in Australia’s property market. Leadership changes, trade policy shifts, and inflation are driving up the cost of imports and materials, affecting property development.
Meanwhile, technological advancements, like AI, are transforming industries—including the legal sector. While the full impact of AI is still uncertain, it’s clear that adaptability and strategic planning will be crucial for both property professionals and lawyers in 2025 and beyond.
Several significant legal updates are set to reshape the property industry over the next 12-24 months.
Starting August 1, 2025, Queensland will introduce a Seller Disclosure Regime, aligning its rules with those in New South Wales and Victoria. Sellers will need to provide key information about properties upfront, creating a smoother process for buyers.
InfoTrack is working closely with the Queensland Law Society and the Real Estate Institute of Queensland to deliver solutions that help legal professionals and agents adapt to these changes.
Passed on November 29, 2024, this amendment aims to modernise Australia’s AML/CTF framework by:
These reforms enhance protections for the community while reducing regulatory burdens on businesses. For legal practitioners, they offer an opportunity to build stronger compliance strategies and better protect clients.
The property market is evolving fast, and staying informed is more important than ever. Subscribe to our quarterly Property Market Update for the latest trends, or join us as we explore industry changes and share insights through our monthly Practitioner Playbook.