In capital cities across Australia – and here in Brisbane – the numbers are showing more houses for sale than the same time last year, reports Domain.
This shows sellers are putting their houses on the market earlier in the year than once would have occurred.
Brisbane buyers are also looking confident. February brought with it one of the highest weekend auction clearance rates on record in Brisbane – a whopping 86 per cent. Not bad for a city that hasn’t typically favoured auctions as a sales method.
“Overall, the volume of new property listings for sale has risen by 3 per cent compared to the same time last year but that small lift in supply is not nearly enough to fill buyer demand – views per listing in Greater Brisbane have skyrocketed by 43 per cent,” Domain reported.
Interest in Brisbane property was growing with interstate buyers and investors heating up the auction action.
“All of the statistics are pointing to one thing: Brisbane is running hot,” said Domain’s head of research and economics Nicola Powell.
Brisbane’s outer suburbs were seeing a big boost in listing action with North Lakes representing the north side on Brissie’s list of burbs with the biggest annual lift in new listings. Check out the areas where vendors are keen to sell:
- Forest Lake – Oxley
- Springfield – Redbank
- North Lakes.