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Anuj
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The latest REA Insights report shows that property buyer demand is surging, which is fueling the rapid price appreciation being experienced across Australia.
First, REA’s weekly demand index, which “measures the change in the number of people that are highly-engaged with properties listed for sale on realestate.com.au”, is running near historic high levels, up 58.6% relative to the same time a year ago: Second, weekly ‘for sale’ searches are way above the same time last year across every market:
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Property buyer demand remains red hot - MacroBusin...
The latest REA Insights report shows that property buyer demand is surging, which is fueling the rapid price appreciation being experienced across Australia.
www.macrobusiness.com.au
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1Mo ago
InvestAus
Price
Homeowners who sell their properties off market could be cheating themselves out of hundreds of thousands of dollars, housing experts have warned. Real Estate Institute of NSW president Leanne Pilkington said it made little sense to sell off market in the current booming housing conditions.
“Owners are more likely to get a higher price by going to auction where multiple groups can compete,” she said. Off market sales have become a trend in certain real estate circles is recent times. It generally involves an agent shopping an owner’s home around to their database without it being advertised or marketed. Get details at: x
Experts warn sellers against selling off market as...
Experts are warning homeowners to not make this simple mistake when selling their house, which nearly cost one seller nearly $500,000.
www.realestate.com.au
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67 Views
1Mo ago
Manish
Price
In news that may come to the relief of would-be buyers battling it out at auctions, over a third (35 per cent) of homeowners are planning on selling in the next five years, according to new research from Westpac.
The Westpac survey of 2,086 Australians aged 18 and over also found that over one in ten respondents (12 per cent) were already taking steps to put their house on the market or had intention to do so in the next 12 months. For those looking to buy, the pressure is on, as the latest CoreLogic figures found that national property prices grew by 2.1 per cent in February 2021: the fastest recorded growth rate since 2003.
Further, according to figures from the Australian Bureau of Statistics (ABS), new home lending hit $28.75 billion in January, an increase of 44 per cent year-on-year (in seasonally-adjusted terms). The total value of owner-occupier home loans settled in January surged by 52 per cent, year-on-year, to a record-high of $22.11 billion.
Meaning, there has been an influx of new homebuyers eager to win at the auction and get a foot on the property ladder. CEO of Real Estate Institute of NSW, Tim McKibbin, stated that the “run up to Easter” may be particularly busy, with the “market intensity of recent weeks set to continue”.
“Vendors are taking confidence from the strength of buyer demand and month-on-month price increases, with many bringing their plans to sell forward to capitalise on the rising market.
“This includes many investors who, if not for the prices currently being achieved, would not necessarily be considering selling,” said Mr McKibbin. Get details at: x
“Absolutely a seller’s market”: seller confi...
In news that may come to the relief of would-be buyers battling it out at auctions, over a third of homeowners are planning on selling in the next five years, according to new research from Westpac.
www.ratecity.com.au
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2Mo ago
Joshua
Price
Suburbs in regional New South Wales rose as the best-performing regional markets in terms of price gains, according to the latest report from CoreLogic.
Richmond-Tweed claimed the top spot for houses after it recorded a 12.6% growth in median value in January. Houses in this region have a median value of $696,394. In terms of units, Southern Highlands and Shoalhaven performed the best. Units in the suburb have a median price of $484,642, representing a 17.9% annual increase.
Unit sales in the suburb rose by 34.6% while selling days shrank from 87 days to 60 days.
Tim Lawless, executive director for research at CoreLogic, said the level at which prices in regional markets increased was four times higher than that of capital cities.
"Demand for regional housing can be attributed to a range of factors. Generally, prices are cheaper than their capital city counterparts, housing densities are typically lower, which is likely to be appealing amidst a global pandemic, and many workers have a new found appreciation and ability to work remotely which is supporting additional demand," he said. Continue reading at: x
Regional NSW suburbs outperform peers
These suburbs reported the strongest median-price gains for houses and units
www.yourinvestmentpropertymag.com.au
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48 Views
2Mo ago
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Anuj
InvestAus
Owners are more likely to get a higher price by going to auction where multiple groups can compete
1Mo ago
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67 Views
Manish
Vendors are taking confidence from the strength of buyer demand and month-on-month price increases
2Mo ago
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