AUSTRALIA’S PROPERTY BOOM SET TO CONTINUE IN EXCEPTIONAL WINTER SEASON

The Australian property market usually experiences a seasonal slowdown in the winter months, but experts say robust buyer demand and unseasonably high sales volumes point to continued price growth in a stronger-than-usual winter season. 

Director of economic research at realestate.com.au Cameron Kusher said while he’s not expecting an early spring for the housing market, the COVID-induced property boom is showing no signs of a dramatic slowdown over the coming months.

“We are still seeing weekly preliminary sales at volumes similar to spring of last year and demand remains at very high levels. While it won’t be the new spring, the winter housing market looks set to be much more active than what we see in a typical year,” Mr Kusher said.

“New listing volumes have risen over recent months, but I would still expect there will be many sellers that decide to wait out the next few months and list their homes for sale in spring,” he added.

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