Homes for sale surge in 2024, giving buyers most options since the pandemic | PropTrack [Video]

Frustrated Aussie homebuyers were given a sign of hope in 2024, after being given the most choice and opportunity to secure a home since before the pandemic.

PropTrack’s latest listings report revealed new a 7.9 per cent jump in the calendar year compared to 2023, making it the strongest year since 2021.

PropTrack director of economic research Cameron Kusher said the surge was fuelled by a mix of financial pressures and changing market conditions, as higher interest rates prompted some homeowners to sell, while others took advantage of strong equity gains to upgrade or move.

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“At a national level, many homeowners who hadn’t moved or upgraded in some time took the opportunity to do so, leveraging the substantial equity gains in their properties over recent years,” …