New listings in Brisbane in July were up 16.1 per cent from the same time last year.
That’s almost double the growth in new listings nationally which rose 8.4 per cent.
“The stronger new listings environment has resulted in more choice for buyers,” PropTrack director of economic research Cameron Kusher told realestate.com.au.
More listings are usually an indicator of growing seller confidence. Increases in housing supply for sale means more choice for buyers and it can slow the pace of house price growth.
In a market like Brisbane, which is still seeing solid growth, this can present a win-win for sellers and buyers.
Sellers are getting solid results and buyers can pause for breath as the pace of the market moderates.
As the temperature and listing volumes start to rise it does look like we’re warming up well for spring selling season.
If you’re thinking of selling, now is the time to be contacting some local agents and learning more about your local market.
You can also start your pre-sale spruce-up: finish those half-done DIY jobs and knock over the fix it jobs on the maintenance list. Get your gardens tidied up and start a spring clean to de-clutter.
Looking to list? Find out how much your property is worth or talk to us about selling.
