More positive signs for property as search activity on realestate.com.au increased for the 11th consecutive week, taking sale search volumes to 47.5% higher than they were a year ago – an increase of 3.7% on a week ago. Across all states and territories, for sale search volumes are higher than this time in 2019.
Views per sale listing are also at an all-time high 50.1% above this time last year. This further talks to supply and demand, with increased buyer activity and fewer properties listed for sale.
In contrast, rental searches declined 0.2% on last week, although are still 18.4% higher than the same week in 2019 and 54.1% up on the mid-March low.