RESIDENTIAL PROPERTY
HOMEOWNERS who sell in November are more likely to achieve greater results, with the month seeing a 0.8% bump compared to the average throughout the year.
According to new analysis of selling prices from PropTrack, November is the month to sell with an average property value of around $800,000 seeing...
This is in line with the spring selling season, where most markets see their highest prices alongside the peak of market activity...
“Based on an analysis of selling prices from 2013 to 2022, the best time to sell a home is November, when prices are 0.8% above average. This also coincides with...
“The best selling outcomes are achieved in October or November in most regions. This is also when buyer activity ramps up. The start of the calendar...
While March also brings in high prices, with a 0.72% increase from average prices, as both months typically seeing the highest levels of buyer activity...
On the other hand, the lowest seasonal prices are seen in the depth of winter over both June and July, with a dip of 0.9% and 0.94% respectively. Before a marginal...
In Sydney, March is the best month to sell with a bump of 0.85% to prices. Melbourne sees a 1.14% increase in October, where Brisbane also has...
Adelaide sees a 1.18% positive price difference over April, Perth is up 1.39% in November, Darwin 2.85% in March and the ACT up 1.65% in November...
“Home prices nationally are already back at their peak after nine months of consecutive growth,” added Ryan.
“With the spring selling season underway and November – the best time sell – approaching, it’s likely ongoing price growth combined with a seasonal boost will...