During November, the share of properties that had been on the market for less than 30 days was highest in Sydney at 44.5% and lowest in Darwin at 9%. Melbourne had the highest total of new properties available with 7, 712 which was 44.2% of all property available. All capital cities also have significant levels of stock that's been on the market for more than six months: 22% for Sydney and Melbourne,25% for Brisbane,26% for Adelaide,27% for Canberra,32% for Hobart,34% for Perth66% for Darwin.Get help buying a property Hit the button below to arrange a conversation with one of my loan specialists to find a deal that's best for your situation. Book a review today We partner with over 50 lenders so you can find the perfect solutionFollow Facebook Linkedin Do you have questions about mortgages or loans?Ask us in the comments below … [Read more...] about Property days on the market for November 2019
Stock returning to the market but how fast is it selling?
More and more home owners are offering their properties for sale, according to new data from SQM Research. SQM has reported that while residential property listings in November 2019 were down 6.3% on the year before, they were actually up 6.3% compared to the month before.So while there was a shortage of sellers for much of 2019, it appears that home owners have become increasingly willing to put their home on the market.More property listings means more downward pressure on prices.In month-on-month terms, Hobart had the biggest surge in listings (by 11.7%), while Darwin was the only capital where listings fell (by 1.9%).In year-on-year terms, Canberra was the only capital city where listings increased (by 0.4%), while Sydney experienced the biggest decline (by 19.3%).SQM has also reported how quickly properties have been selling.Looking to buy a property?Hit the button below to arrange a conversation with one of my loan specialists to find a deal that's best for your situation. Book a review today We partner with over 50 lenders so you can find the perfect solutionFollow Facebook Linkedin Do you have questions about mortgages or loans?Ask us in the comments below … [Read more...] about Stock returning to the market but how fast is it selling?