Guy With Glasses Imagining His Future Home Min

๐——๐—ฎ๐˜†๐˜€ ๐—ผ๐—ป ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—™๐—ฎ๐—น๐—น๐˜€ ๐—ถ๐—ป ๐—™๐—ถ๐˜ƒ๐—ฒ ๐—–๐—ฎ๐—ฝ๐—ถ๐˜๐—ฎ๐—น ๐—–๐—ถ๐˜๐—ถ๐—ฒ๐˜€

Over the past three months, which property markets have turned in favour of buyers and which have become more favourable for sellers?

Days on market โ€“ which refers to the median time to sell a property โ€“ can help answer this question. An increase in days on market means conditions have become better for buyers, while a decrease means theyโ€™ve become better for sellers.

Taking a big-picture view, days on market in regional Australia rose from 44 days in the April quarter to 48 days in the July quarter, according to CoreLogic. But it fell slightly in the combined capital cities, from 29 to 28 days.

Drilling down to the city level, days on market fell in five capitals between April and July:

* Perth = from 18 to 16 days
* Brisbane = from 28 to 25 days
* Melbourne = from 30 to 29 days
* Sydney = from 33 to 30 days
* Darwin = from 70 to 56 days

Meanwhile, days on market rose in three capitals:

* Adelaide = from 30 to 32 days
* Canberra = from 43 to 48 days
* Hobart = from 41 to 55 days

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Interest rate rises are here, but you donโ€™t have to fear with the right broker on your side.

The team at Sonam Capital are here to empower you through financial knowledge.
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