Strong demand fuelled by limited stock has defined the Whitehorse real estate market over the past 12 months. Competitive interest has returned across many segments of the market, with open for inspections well attended and multiple bidders active at auctions.
Lower interest rates have contributed to a notable shift in buyer behaviour. Many are moving quickly, engaging with agents earlier and requesting private inspections before properties officially launch on the market. Missed opportunities for buyers has sparked a surge in off-market interest, with early offers and strong pre-auction activity becoming increasingly common. This confidence is creating a faster-paced, more agile market.
Notably, we’ve seen international buyers re-emerge, with some inspecting homes for the first time on auction day and successfully purchasing on the spot. These walk-in buyers now account for around 10% of auction results for our office – just one sign of the renewed confidence flowing through the local market.
Family homes in the $1 million to $2 million-plus bracket continue to attract solid interest, particularly those within popular school zones. Buyers remain willing to pay a premium for quality homes in sought-after locations.
Rental conditions in Whitehorse have stabilised after the volatility of recent years, although affordability remains a concern at the lower end of the market. Demand is now focused on well maintained and updated homes, with quality renters favouring properties that clearly show care and upkeep. Some upward pressure on rents is expected as compliance costs and taxes increase, but sharp spikes are unlikely.
Building activity in Whitehorse is shifting towards higher-density housing near major roads and
