Spring brings highest number of new listings since March
Spring is in the air. Flowers are blossoming, the leaves are turning green and everything seems a little bit fresher and sweeter. Can you feel it?
If you can't, the real estate market certainly can. According to CoreLogic RP Data's Cameron Kusher, the number of new property listings across the capitals has experienced a noted lift as we've entered the new season, with 26,829 new unit and house listings being placed over the last 28 days. This is not only the highest number of new listings since the week to 22 March earlier this year, but it's also pushed total listings to their highest number since late May.
This could very well translate into a marked increase in real estate in Burpengary, Morayfield and other areas in the Moreton Bay region. After all, according to the figures, new listings in Brisbane are at their highest level since mid-March this year, with 4,206 available. This is a 4.7 per cent increase since 12 months ago, the third largest increase in listings behind Canberra and Sydney.
This also means total listings are at their biggest peak since late July. Currently, there are 16,078 homes listed for sale in Brisbane, a large fraction of the 92,296 listings across all of the capitals.
In many ways, it's not surprising to learn this, as spring historically tends to bring on a bump to property sales. Nonetheless, these figures show that even though buyer demand is not as strong as it was last year, the market is still on track as per usual.
With listings out in full force, this could be the season for you to find and buy property in Deception Bay, Narangba and nearby neighbourhoods. Have a look at what's out there on offer.