๐๐ฎ๐๐ ๐ผ๐ป ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐๐ฝ
Thereโs been an increase in the time taken for homes to sell over the past six months, suggesting some heat may have been taken out of the property market in that time.
Between the September 2023 and March 2024 quarters, the median time vendors across Australia needed to sell their home rose from 30 to 36 days, according to CoreLogic.
That included an increase from 26 to 29 days in the combined capitals and 43 to 50 days in the combined regions (see graph).
When days on market are rising, that means itโs becoming harder for vendors to sell their home, which means thereโs less pressure on buyers to bid up prices.
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 and Wayne at Sonam Capital are your Subiaco finance specialists.
