Affordability and a prolonged undersupply of housing stock is likely to unleash pent up buyer demand as new stock comes to market over the spring months.
Data from SQM indicates that Brissie buyers are ready and waiting for the sell-fest to begin.
“In fact, with fewer than 21,000 properties for sale in Brisbane in July, according to SQM Research, this reflects a property market that is undersupplied – compared to the usual volume of listings – since way back in 2010,” reports The Property Tribune.
“The ongoing strength of the Brisbane market is further highlighted by the fact that the total number of new property listings on the market (less than 30 days old) has fallen 12 per cent since the same period last year, according to SQM.
“Likewise, the number of old property listings (on the market for more than 180 days) has reduced a substantial 47.9 per cent since last year, which is a sign that buyers are active, and vendors are selling.”
While interest rate rises are taking the heat out of a previously sky-rocketing market, buyers are still snapping up good value homes and sellers are achieving strong results ahead of pre-pandemic levels.
Ready to shake off the winter coat? View our current listings for sale or talk to us about selling or book a valuation.