Brisbane's sales market, trends in Brisbane property

Time on market

The time a property takes to sell is often a good indicator of the state of the market. So in our inner city at the moment there’s no doubt that market’s very healthy. Recent stats from RP Data report Brisbane’s average house was taking just 25 days to sell and an apartment 24. These are much quicker than you’d usually expect, confirming what is rightly seen as a seller’s market. While these sort of stats reports have only recently become something close to reliable, we’d suggest a 40-50 day time on the market might be considered a ‘balanced’ or normal period, with buyers and sellers on relatively equal footing. Darwin’s averages are currently 54 and 65 days for example, more than double here in Brisbane.

The national winners? Melbourne and Canberra are both averaging less than 25 days on the market for house and apartments. With some stockmarket investors looking for a new place to invest it’ll be interesting to watch the next few months…