A new report from Property Credit has identified key suburbs across Australia where market conditions have become more favourable for home sellers.
The “Affordable Prices Propel Seller Markets” report highlights areas where falling listings, reduced inventory levels, shorter selling times and rising asking prices have created advantageous conditions for sellers.
Giordano Stepancic, CEO of Property Credit, said affordability was playing a crucial role in enhancing seller market conditions.
“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,” Mr Stepancic said.
The report analyzed suburbs with declining listings and inventory levels below four months, indicating demand outstripping supply.
Areas with faster selling times and increased asking prices over the last three months were also prioritized.
Mr Stepancic said the trends suggest reasonably priced properties are attracting heightened buyer interest, creating a competitive environment favourable for sellers.
“Our report not only identifies the suburbs where sellers have the upper hand but also provides actionable insights into the factors driving these trends,” he said.
The analysis employed a methodology examining key indicators such as falling listings, reduced inventory levels, shorter days on market, and rising asking prices.
Mr Stepancic said real estate agents in the identified suburbs should leverage the data to better serve their clients.
“Sellers in these areas can confidently enter the market, knowing that conditions are in their favour,” he said.
The full report is now available, offering information for those planning to sell properties in the key suburbs identified.