English
简体中文
Light at the end of the lockdown tunnel for our two biggest cities has put house hunting at an all-time high, as seven-figure house prices become the new norm, according to new data from realestate.com.au.
The October PropTrack Housing Market Indicators Report out today has shown that although millions of Aussies have been stuck at home, that hasn’t stopped them desperately seeking for their next dream address.
RELATED: Will Australia’s property bubble ever burst?
Covid home buying tactic that has changed real estate forever
Choice that scored a beauty therapist a $20m property portfolio
Average views per listing has soared in all states. Data by REA PropTrack
Views per listing on the site in September went through the proverbial roof, email inquiries are unparalleled and house hunters are also prepared to spend more than they every have before.
There is still a lack of supply for keen buyers. Picture: Supplied
More eyes on the prize
After reaching a record in March this year, demand based on the average number of views per listing on realestate.com.au increased a further 9.3 per cent in September and is now up 59.2 per cent compared with this time last year.
Locked down NSW and Victoria experienced the biggest monthly jumps at 16.8 per cent and 9 per cent respectively.
The unprecedented interest, according to report author Eleanor Creagh, highlights the continued lack of stock available to buy.
“Constrained supply of properties available for sale, coupled with elevated buyer demand, has resulted in record high views per listing on realestate.com.au in September, outpacing the all-time high reached in August,” said Ms Creagh, PropTrack senior economist.
Data by REA PropTrack