Brighter Buying

Market Update: It’s a seller’s market

by Dan D'Silva, Property Consultant 2 September 2021

In a perfectly balanced market, for every home listed, one home sells. But in Australia today homes are selling faster than new listings.

This is great news if you’re thinking of putting your home on the market.

For buyers it means you need to do your research and be ready to make a decisive offer when the right property hits the market.

CoreLogic data shows the ‘sales to new listings ratio’ nationally is at a particularly high 1.4 compared to a decade-long average of 0.9.

Not a numbers person? Try this analogy instead: buyers are scrambling over good value properties like seagulls on a chip.

The sales to new listings ratio in Brisbane has grown above 1 since July 2020, reflecting the strong demand we’ve seen off the back of pandemic lows.

There are several reasons driving heightened demand.

  • Low interest rates have made home loans cheap.
  • Buyers have enjoyed a savings boost as they’ve saved money in lockdown.
  • The government has launched a bundle of first home buyer concessions and incentives.
  • On the supply side, new listings dipped during 2020 but in 2021 sellers have been active again.

If you’re ready to take advantage of great selling conditions, book a valuation or talk to us about selling.

Want some help to secure your dream home? Contact us for a chat or view our current listings for sale.