Rising listings and changing market conditions are creating opportunities for buyers to secure a property.
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,” …