The number of homes newly listed for sale in Greater Brisbane was 7.3 per cent lower in September compared to August, according to PropTrack data published on realestate.com.au.
Year-on-year the number of new listings in Greater Brisbane fell by 4.2 per cent.
Meanwhile total listings have dropped by 14 per cent over the past 12 months in Greater Brisbane.
This means buyers are snapping up good value properties as soon as they hit the market.
“With fewer options, competition among buyers remains high, and those homes that hit the market are selling fast,” reports realestate.com.au.
“In September, the median time taken for a property to sell fell to the lowest level seen in 18 months.”
Not surprisingly this is putting upward pressure on prices.
Brisbane dwelling prices grew 1.3 per cent in the month of September, second only to Adelaide, reports CoreLogic.
Over the quarter, Brissie prices grew 3.9 per cent, again, second only to Adelaide.
Check out the biggest movers and shakers in new listings across Greater Brisbane.
Biggest increase in new listings:
- Bongaree, 141.7%
- Warner, 92.3%
- Newport, 80.0%
- Redcliffe, 62.5%
- Newstead, 50.0%
Biggest decreases in new listings:
- Calamvale, -33.3%
- Hamilton, -32.4%
- Indooroopilly, -30.0%
- North Lakes, -28.0%
- Cleveland, -27.5%
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