According to RP Data Property Pulse, it’s a ‘Great time for buyers to grab a coastal bargain’.
Following is an edited version from the October release:
“For those prospective buyers who have aspired to buy into one of Australia’s coastal lifestyle markets but couldn’t quite afford to do so, now may be a good time to consider your options…. It is becoming increasingly clear, however, that many of those lifestyle markets have seen the worst and are now showing some signs of improvement.”
- The number of house sales across the major coastal markets has increased by 37% since bottoming twelve months ago.
- The time it takes to sell a house is becoming shorter across most markets and vendors are discounting their properties less.
- The total amount of stock available for sale is gradually reducing indicating that supply is being absorbed by the heightened level of buyer activity.
The turnaround in market conditions is coming from a low base, however, and most coastal lifestyle markets still provide a wide range of opportunities.”
