Useful Facts Without Opinions: Brisbane properties for sale shrinks 8%
Home buyers looking at Brisbane properties for sale may be finding the pickings slim, according to the latest research from Core Logic RPData. Here’s their stats:
- There were 20,704 properties advertised for sale across the market over the past four weeks, which was 8.1% lower than a year ago
- Usually Spring is a busy time for sellers to go to market, but fresh Brisbane listings in November tracked almost 14% lower than a year ago and 11% below the decade average
Head of Research Tim Lawless says the nationwide stats are historic lows. “Compared with previous spring periods, newly advertised stock hasn’t been this low since CoreLogic began tracking listings in 2007”.
“With buyers taking advantage of the lowest mortgage rates since at least the 1950’s along with an improvement in credit availability/borrowing capacity, market activity is rising. With such a small pool of stock available for sale, competition amongst buyers is increasing, adding a sense of urgency to the market which is another factor supporting price growth at the moment.”