Buyers enjoying more choice as listings numbers rise
Buyers are increasingly enjoying more choice, with a growing number of properties listed for sale in many parts of Australia.
The number of for-sale properties across the country in July was 0.6% higher than the month before, according to PropTrack.
Even better, listings in July were 4.9% higher than the year before, which is the largest year-on-year increase since 2010.
As always, conditions vary among the capitals cities:
- Hobart listings in July were 70.0% higher than the year before
- Sydney up 30.7%
- Canberra up 24.8%
- Darwin up 14.4%
- Melbourne up 10.0%
- Perth up 4.6%
- Brisbane down 0.7%
- Adelaide down 3.6%
If you want to buy a property, it’s important you contact me for a pre-approval before you begin the searching process. That way, you’ll know your budget. Also, vendors may be more likely to approve your offer if they know you have finance in place.
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