Ben Robinson’s Post

🏡 Where Buyer Demand is Rising and Falling 🏡 In terms of days on market - at macro level, there's been little change in the property market over the past year. However, at a micro level, the situation looks very different. Between the April quarters of 2023 and 2024, median days on market (the time it takes to sell a home) for the entire country barely moved, from 30 to 31 days, according to CoreLogic. But at a capital city level, there was quite a lot of change in days on market over the year: 📈 Rising Days on Market (Falling Buyer Demand): Hobart = +13 days Melbourne = +7 days Canberra = +4 days Sydney = +1 day 📉 Falling Days on Market (Rising Buyer Demand): Brisbane = -4 days Perth = -5 days Adelaide = -5 days Darwin = -8.5 days Rising days on market corresponds with falling buyer demand, while falling days on market corresponds with rising buyer demand. As the above data shows, most cities have experienced meaningful shifts in demand levels over the past year. #RealEstate #PropertyMarket #BuyerDemand #HousingTrends #MarketAnalysis #CoreLogic 🏠📊

🏡 Where is Buyer Demand Rising and Falling? 🏡 Between the April quarters of 2023 and 2024, the median days on market (the time it takes to sell a home) for the entire country barely moved, from 30 to 31 days, according to CoreLogic. But at a capital city level, there was quite a lot of change in days on market over the year: 📈 Rising Days on Market (Falling Buyer Demand): Hobart = +13 days Melbourne = +7 days Canberra = +4 days Sydney = +1 day 📉 Falling Days on Market (Rising Buyer Demand): Brisbane = -4 days Perth = -5 days Adelaide = -5 days Darwin = -8.5 days Rising days on market corresponds with falling buyer demand, while falling days on market corresponds with rising buyer demand. As the above data shows, most cities have experienced meaningful shifts in demand levels over the past year. If you're looking to enter the market and would like to know how this affects you, reach out today. 📧[email protected] 📞0488 940 284

⚡️Where Buyer Demand is Rising and Falling: Over the past year, the national property market has remained stable, but there have been significant local variations. Between April 2023 and 2024, the median days on market nationwide changed slightly from 30 to 31 days, per CoreLogic. However, at the city level: Hobart: +13 days Melbourne: +7 days Canberra: +4 days Sydney: +1 day Brisbane: -4 days Perth: -5 days Adelaide: -5 days Darwin: -8.5 days Rising days on market indicate falling buyer demand, while falling days suggest rising demand. Many cities have seen notable shifts in demand this past year.

The Insightful World of Vendor Discounting: A Market Temperature Check 🌡️🏡 The February quarter revealed an intriguing trend in Australia’s property market, with homes selling for an average of 3.8% below their initial listing price, according to CoreLogic. This vendor discounting rate, a critical indicator of market temperature, varies significantly across the country, highlighting the nuanced nature of property negotiations 📊. In cities like Perth, homes sold for as little as 2.5% under listing price, demonstrating a hotter market where buyers are keen to meet sellers’ expectations. Contrastingly, Darwin saw discounts up to 5.0%, indicating a cooler market atmosphere where buyers have the upper hand in price negotiations ❄️🔥. The level of discounting not only sheds light on the balance of power between buyers and sellers but also signals shifts in market dynamics. With vendor discounting decreasing in six capitals from February 2023 to 2024, increasing in one, and holding steady in another, we’re witnessing a fascinating evolution of buyer competition and market strength across Australia 🇦🇺. For real estate professionals, investors, and market analysts, understanding these trends is crucial for navigating the ever-changing landscape of the Australian property market🔥. #RealEstateTrends #MarketInsights #VendorDiscounting #PropertyMarket #InvestmentOpportunities

🏡 Sellers Slashing Prices: Are Discounts Here to Stay? 📉💰 In the August quarter, vendors discounted their homes by a median of 3.7% off the original listing price, according to CoreLogic. Here’s how it breaks down: 🔹 Capital cities: 3.4% median discount 🔹 Regional areas: 4.0% median discount 🔹 Perth: Lowest at 2.6% (strong buyer competition) 🔹 Darwin: Highest at 4.6% (weaker buyer demand) This data shows a stable balance between buyers and sellers over the past year, giving insight into the current market strength. Will we see bigger discounts or a tightening market ahead? 🤔 #VendorDiscounting #RealEstateMarket #Property

Where buyer demand is rising and falling ↗️↘️↙️↖️⌚ At a macro level, there's been little change in the property market over the past year. However, at a micro level, the situation looks very different. Between the April quarters of 2023 and 2024, median days on market (the time it takes to sell a home) for the entire country barely moved, from 30 to 31 days, according to CoreLogic. But at a capital city level, there was quite a lot of change in days on market over the year: * Hobart = +13 days * Melbourne = +7 days * Canberra = +4 days * Sydney = +1 day * Brisbane = -4 days * Perth = -5 days * Adelaide = -5 days * Darwin = -8.5 days Rising days on market corresponds with falling buyer demand, while falling days on market corresponds with rising buyer demand. As the above data shows, most cities have experienced meaningful shifts in demand levels over the past year. #property #realestate #investing #realestateaccountants

𝗩𝗲𝗻𝗱𝗼𝗿 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 𝗟𝗮𝗿𝗴𝗲𝗹𝘆 𝗨𝗻𝗰𝗵𝗮𝗻𝗴𝗲𝗱 𝗼𝘃𝗲𝗿 𝗣𝗮𝘀𝘁 𝗬𝗲𝗮𝗿 Properties typically sell for a discount compared to their original listing prices. Across Australia, the median vendor discount in the September quarter was 3.7%, according to CoreLogic. That included median discounts of 3.4% in the combined capital cities and 4.0% in the combined regions (see graph). Interestingly, these figures have recorded little movement in the past 12 months. During that time: * National discounting has ranged from 3.5% to 3.8% * Capital city discounting has ranged from 3.1% to 3.5% * Regional discounting has ranged from 3.8% to 4.1% Discounting trends tell you how a market is moving – an increase in discounting means the balance of power is shifting from sellers to buyers, while a decrease means it’s shifting from buyers to sellers. The fact discounting has remained largely unchanged over the past 12 months suggests the market has been quite steady during that time. #property #realestate #homeloans

Exploring the Surging Sales Prices of Homes: Year-over-Year Analysis Discover the significant upward trend in sales prices across different regions. Uncover the rising demand in homes, particularly within the higher price ranges, as limited inventory continues to shape the market. #RealEstateTrends #HomeSales #HousingMarket #PropertyPrices #RegionalAnalysis #HousingDemand #InventoryShortage #Homebuying #MarketAnalysis #HousingStatistics

📊 Understanding Months of Inventory in Southwestern Ontario Real Estate 🏡 In today's market, keeping an eye on the months of inventory is crucial for both buyers and sellers. It’s a key indicator of supply and demand, helping you make informed decisions. Watch the full video to see what the current numbers mean for you! 💼 #SouthwesternOntario #RealEstateMarket #MonthsOfInventory #HousingMarketTrends #OntarioRealEstate #MarketAnalysis #RealEstateInvesting #HomeBuyingTips #SellYourHome #RealtorLife #RealEstateInsights #HousingMarket #MarketUpdate #BuyersMarket #SellersMarket #RealEstateStrategy #RealEstateExpert #HousingInventory #CanadianRealEstate #PropertyMarket #OntarioHomes #InvestmentProperties #RealEstateNews #MortgageBroker #PropertyInvestment