But compared to the previous five-year average they’ve plummeted by 40 per cent.
A further decline in listings could be on the cards following the floods, reports Smart Property Investment.
“Total listing volumes in Brisbane are trending lower than any other capital city market in our country,” it reports.
Brisbane’s supply of properties for sale continues to lag behind historical levels, whereas Sydney and Melbourne are almost back to normal.
“This helps to explain why Brisbane has continued to see price growth in recent months at the same time as Sydney and Melbourne property price growth has stalled,” it reports.
“When there is low supply, there is less choice for buyers. It creates more urgency, and there is a real fear of missing out.”
So how do you manage your FOMO when buying a home can feel like being in a flock of seagulls scrambling for a chip?
- Get to know your local agents and make sure they know what’s on your shopping list.
- Have your finance in order. Consider if pre-approval is right for you.
- Lastly, do you research so you know good value when you see it and you can make a fast decision with confidence.
Want to ditch FOMO and find a home? Contact us for a chat and view our current listings for sale.
Want to take advantage of continued strong selling conditions? Book a valuation or talk to us about selling.
