Cotality has reported a 7.3% increase over the March quarter, with growth still being led by more affordable homes and the unit market. At the same time, we’re seeing a significant lift in the number of properties coming to market, with REIWA reporting a 12% increase in listings in the week ending 12 April.
While we are still achieving very strong results, buyer behaviour is becoming more considered. Buyers are thinking more carefully about borrowing, factoring in cost of living pressures and future rate movements, while also weighing up lifestyle choices beyond property. Others, who have been waiting for the right property to come for some time are moving quickly to secure it.
It’s a reminder that while growth is continuing, it’s not uniform and it’s not without complexity.
Even in a market with a shortage of housing, the fundamentals remain critical to achieving an outstanding result. How a home is presented, promoted and priced has a direct impact on the level of interest and competition it attracts. And having the right person representing and advising you can make all the difference.
As always, if how we can help position you for an outstanding result in the current market, we’re always here for a confidential conversation.
