๐ ๐ผ๐ฟ๐ฒ ๐ฃ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ถ๐ฒ๐ ๐๐ผ๐บ๐ถ๐ป๐ด ๐ผ๐ป๐๐ผ ๐๐ต๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
Thereโs been an increase in the number of properties listed for sale, giving buyers more choice and forcing vendors to compete harder to attract their attention.
Across Australia, the number of for-sale properties in June was 1.8% higher than the month before and 3.9% higher than the year before, according to SQM Research.
When the supply of property listings increases, that leads to a reduction in demand and puts downward pressure on prices. The opposite occurs when property supply decreases.
Last year, during the housing downturn, a lot of potential vendors held off selling their property, which limited the price falls. Now that national property prices have increased for four consecutive months, according to CoreLogic, those same people might be thinking about putting their home on the market, potentially limiting the price gains.
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.
