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Thereβs been a reduction in the number of homes listed for sale, which has given vendors the opportunity to raise their asking prices.
Across Australia, the number of properties listed for sale in July was 4.4% lower than the month before, according to SQM Research. That was because the number of old listings leaving the market was greater than the number of new listings entering.
At the same time that the number of for-sale properties fell, vendors across Australia raised their asking prices by 1.4%.
Lower housing supply generally leads to higher demand, and therefore higher prices.
Subiaco finance brokers are here to help
Interest rate rises are here, but you donβt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge. Weβll 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.
