Brighter Buying

Market update: Sellers warming up

by Dan D'Silva, Property Consultant 20 June 2024

Buyers have been crying out for new stock to hit the market and it seems sellers are warming up to the idea of selling.

New listings across southern capital cities have jumped and Brisbane sellers are starting to follow.

Brisbane listing in April this year were 16.1 per cent higher than they were a year ago, and up more than 20 per cent over the past three months, reports

PropTrack economic research director Cameron Kusher recently told Yahoo! news

stable interest rates were giving sellers confidence to step in from the sidelines.

“Now that interest rates have been more stable…for almost a year, that’s given people more confidence to put their properties on the market,” he said.

“The next few months will be quite telling because obviously a lot of people that own homes or are looking to buy homes are expecting interest rate cuts later this year but it’s looking more likely interest rates will come down in the first half of next year.

“It’s going to be quite interesting to see how the market reacts to those expectations having been pushed out so far.”

In the local market sellers are getting good results with demand still high and days on market across the city sitting at a respectable figure of 19 days.

Good value properties are attracting genuine buyers and prices remain solid with more growth forecast.

Think now is the time to test the market?

Find out how much your property is worth or talk to us about selling.