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Market remains tight for property in Burpengary

ByJames Brown

Anyone who has still not purchased property in Burpengary could find the market is tighter than ever, as data points to a fall in listings across Brisbane.

November figures from SQM Research reveal a decline in residential listings, which could make it more important than ever for buyers to seek professional guidance.

Having a real estate agent on hand can have real advantages, especially if you're unsure of where to look to find the property you have always dreamt of.

SQM Research statistics reveal there were 27,938 properties on the market in Brisbane last month, falling 1.5 per cent from October levels.

Listings are down 2.4 per cent compared to the previous year, indicating that demand for homes is showing little sign of abating.

Managing director of SQM Research Louis Christopher explained that the east coast markets in particular are proving standout performers compared to other parts of the country.

"We do not believe that the market is slowing down at this stage," Mr Christopher noted.

"This most recent data suggest that while there was a surge in listings in October that quite a lot of that stock was absorbed and sold."

He revealed that markets particularly exposed to the resources sector have been most badly affected by a fall in listings.

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