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More properties have been coming onto the market, meaning more choice for buyers and more competition for sellers.
Across Australia, the total number of properties listed for sale in November was 247,062, which was up 1.6% on the month before, according to SQM Research. That included 80,487 new listings (i.e. those less than 30 daysβ old), which was up 1.0%.
That said, SQM managing director Louis Christopher felt listings numbers were below expectations. βThe spring selling season has been, overall, robust for listings. However, I was a little surprised we did not record a surge in November listing counts, which came in at very similar levels to the month of October,β he said.
With property prices continuing to rise in many parts of Australia, more owners might be tempted to list their property for sale.
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.
