Rumblings about the potential for oversupply of housing stock in some markets are likely to continue – and should be noted by sensible investors.
However, the latest release of data from one industry analyst indicates that there is no sign of significant market acceleration in listings.
According to SQM Research’s Stock on Market
report for August 2014, national stock levels were, in fact, staying steady year-on-year.
The report shows that the number of residential property listings increased during August, after a substantial dip during July.
With 347,646 unsold properties on the market in August, there was a 3.8% increase month-on-month and a -2.1% decrease year-on-year.
The approach of the spring selling season means that the August increase was probably due to seasonal factors.
SQM Research managing director Louis Christopher said it was the narrowing difference in the yearly decrease of stock on market which was of particular interest.
This time last year - just prior to the current east coast led boom - there was a large drop in stock levels year-on-year, but that hasn’t been the case this year.
Christopher said that, with the amount of stock steadying year-on-year, there was no further acceleration in market momentum beyond what was already in existence.
“It is clear for all to see that the market remains strong on the east coast of Australia. However, the mining exposed cities are, by and large, having a downturn that will likely persist for some time yet.”
With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now
Top Suburbs :
east victoria park
Get help with your investment property
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.
We value your privacy and treat all your information seriously - you can check out