New listings are where the action is at in Brisbane. These were up more than 10 per cent year-on-year to June, according to the July 2022 Proptrack Market Outlook published on realestate.com.au.
That’s good news for Brissie buyers wanting some fresh open homes with their Saturday morning coffee.
Meanwhile total listings have dropped year-on-year by 5.5 per cent, meaning buyers continued to snap up good value homes as they hit the market.
The number of potential buyers per listing has also risen, up 6.5 per cent year-on-year. While total potential buyers have dropped and this trend could continue as interest rate rises hit hip pockets.
“We expect the ongoing increases in mortgage rates and subsequent falling prices will lead to a further reduction in potential buyers over the coming months,” the report said, talking about the national property trends. “However, it would have to be a substantial fall to see these numbers return to pre-pandemic levels.”
Brisbane’s experience is counter to Sydney and Melbourne where total listings have increased and buyers are needing to lower their price expectations.
All these numbers suggest that you’d be hard pressed to find a genuine winter slowdown in Brissie this year and buyers or sellers holding out til spring might miss some good opportunities to bask in the winter sun.
Think you’re ready to make a move? View our current listings for sale or talk to us about selling.