๐๐ถ๐๐๐ถ๐ป๐ด๐ ๐ฅ๐ถ๐๐ฒ ๐ณ๐ผ๐ฟ ๐๐ฒ๐ฐ๐ผ๐ป๐ฑ ๐๐ผ๐ป๐๐ฒ๐ฐ๐๐๐ถ๐๐ฒ ๐ฌ๐ฒ๐ฎ๐ฟ
The number of property listings across Australia remains below the long-term average, but has now been trending up for the past two years, based on SQM Research data.
After 289,797 homes were listed for sale in December 2019, this fell 5.8% to 272,999 in December 2020 and another 20.0% to 218,415 in December 2021, before rising 4.6% to 228,415 in December 2022 and another 2.5% to December 234,194 in 2023.
However, despite the recent increase, listings are low by historical standards โ since 2010, an average of 306,685 homes have been on the market each December.
An increase in the supply of property listings tends to lead to a decrease in buyer demand, as home-hunters have more options.
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.
