Property buyer demand remains red hot across Australia.
The latest PropTrack Housing Market Indicators Report shows that average views per for sale listings were tracking at a record high in October – up 46% from the same time last year – with all markets booming:
The preliminary weekly count of sold properties also reached their highest level this year at the end of October, and were materially higher this year than in either 2019 or 2020:
At the same time, new for sale listings are running at their highest level in at least four years, according to ANZ:
Auction volumes have soared to historical highs, which has pushed clearance rates lower:
Basically, the housing market is becoming more balanced with strong buyer demand being met with rising supply. This suggests that price growth should moderate.
