๐ก๐ฎ๐๐ถ๐ผ๐ป๐ฎ๐น ๐๐ถ๐๐๐ถ๐ป๐ด๐ ๐ฅ๐ถ๐๐ฒ ๐ด.๐ฐ% ๐บ๐ผ๐ป๐๐ต-๐ผ๐ป-๐บ๐ผ๐ป๐๐ต
Every capital city recorded an increase in properties for sale in February compared to the previous month, according to SQM Research, meaning buyers have more choice and vendors less negotiating power.
Notably, though, only five capitals experienced a year-on-year increase in listings. The three that didn't (Perth, Brisbane and Adelaide) were โ probably not coincidentally โ the three that have been experiencing the strongest growth in prices.
That highlights the link between supply and demand. When more properties are listed for sale, buyers donโt have to compete as hard, which puts downward pressure on prices. But when there are fewer listings, buyers often experience FOMO, which puts upward pressure on 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.
