Media Release
Affordable Prices Propel Seller Markets: Key Suburbs in Select States Revealed
July 26th, 2024
For Immediate Release
Today, Property Credit is thrilled to release its latest report, "Affordable Prices Propel Seller Markets: Key Suburbs in Select States Revealed." This comprehensive analysis identifies the top suburbs where selling a home has become significantly easier due to favourable market conditions, particularly driven by affordability.
Giordano Stepancic, CEO of Property Credit, stated, "Our latest report highlights the crucial role affordability plays in enhancing seller market conditions. We have meticulously analysed key indicators such as falling listings, reduced inventory levels, shorter days on market, and rising asking prices to identify these standout suburbs."
The report employs a robust methodology, examining suburbs with a marked decline in listings and inventory levels below four months, signalling that demand is outstripping supply. Additionally, suburbs with faster selling times and increased asking prices over the last three months were prioritised, ensuring a comprehensive and reliable guide for sellers.
Stepancic further explained, "Western Australia and Queensland dominate the list, particularly in the Perth and Brisbane metropolitan areas. Many of these suburbs have median asking prices under $750,000, highlighting the impact of affordability on market dynamics. This trend suggests that reasonably priced properties are attracting heightened buyer interest, creating a competitive environment favourable for sellers."
In this dynamic market, making informed decisions is crucial. "Our report not only identifies the suburbs where sellers have the upper hand but also provides actionable insights into the factors driving these trends," Stepancic added. "This empowers sellers to make strategic choices that align with current market conditions and maximise their returns."
Stepancic concluded, "Real estate agents in these key suburbs should leverage this data to better serve their clients. Sellers in these areas can confidently enter the market, knowing that conditions are in their favour. By understanding these trends, agents can provide targeted advice and sellers can achieve optimal outcomes."
The full report is now available for download, offering crucial information for those planning to sell their properties in these key suburbs.
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Media Contact:
Giordano Stepancic
CEO, Property Credit
Mobile: +61 422 529 253
Email: giordano@property.credit
