Buyers will have a greater chance to get their foot in the property market as the number of new properties for sale continues to increase, reducing competition between buyers.
Watch our weekly Domain Property Report produced in partnership with Channel Nine’s A Current Affair for the latest insights to your local capital city market activity. Nine is the majority owner of Domain.
Sydney experienced its highest weekly number of properties for sale this year. It’s good news for those wanting to make the coast their home, as many of these new listings are located in Sydney’s northern beaches.
Melbourne saw a 3 per cent increase in new properties for sale – the highest weekly number of new properties in 2021.
It was a good week for Brisbane homes going under the hammer as clearance rates sit above 80 per cent for the third Saturday in a row.
Adelaide’s auction numbers continue to go from strength to strength. This weekend is predicted to be the busiest Saturday on-record for the city. Buyers are eager to snap up homes before the holiday fostering a high clearance rate of 80 per cent.
Perth’s diverse property market is catering to a wide pool of buyers. Areas with the biggest weekly increase in new listings are spread across numerous price points.