๐๐๐๐ฒ๐ฟ ๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐ผ๐ป ๐๐ถ๐ฒ๐ฟ๐ฐ๐ฒ ๐ถ๐ป ๐ฃ๐ฒ๐ฟ๐๐ต, ๐ช๐ฒ๐ฎ๐ธ ๐ถ๐ป ๐๐ฎ๐ฟ๐๐ถ๐ป
One of the best ways to analyse the strength of a housing market is to look at days on market, which captures the median selling time for a property and therefore the level of buyer competition.
Days on market in the November quarter were a stunningly low 12 days in Perth, according to CoreLogic, which tells you just how fiercely buyers are competing for property.
Darwin was at the other end of the spectrum, with properties taking 56 days to find a buyer.
Looking at the rest of the capitals, days on market were:
* Very low in Brisbane during the November quarter
* Low in Melbourne, Adelaide and Sydney
* Balanced in Hobart and Canberra
Changes in days on market are also revealing: a reduction means the balance of power is shifting towards vendors and an increase means itโs shifting towards buyers.
Subiaco finance brokers are here to help
Interest rate rises are here, but you donโt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge.
Weโll take the time to get to know you and your unique situation and speak in a
language you can understand, with strategies you can implement for the best possible outcomes.
Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.
