PRICES RISING AS LISTINGS SURGE

If you're planning to buy a property soon, conditions have shifted again – more homes are hitting the market, but prices are still climbing.

Australia’s median property price rose 1.1% in October – the fastest increase since mid- 2023. Prices were also up 2.8% over the quarter, with capital city rising and five hitting new record highs, according to Cotality.

At the same time, buyers finally have more choice. SQM Research reported total listings jumped 10.9% in October, with new listings surging 18.2% month-on-month.

What this means for you

More listings can ease pressure, but rising prices show buyers are hitting open homes in increasing numbers.

Smart buying moves in a competitive market

• Review suburb-level trends. Some locations rise faster than others.
• Factor in borrowing buffers. Rising prices can push you out of a bracket quickly.
• Look past cosmetic issues. In a rising market, well-located ‘fixer-uppers’ can offer value.

If you want to buy before prices climb too much higher, I can help you compare loan options and prepare your budget.

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