If you’ve got your eye on Hawthorne real estate then you could find you’re not the only one looking for quality property, especially as residential listings have fallen across the country.
Figures from SQM Research point to a 2.4 per cent month-on-month decline nationally in September – and Brisbane was no exception to this trend.
The Queensland capital witnessed a 2.2 per cent yearly fall in the amount of available properties for purchase, while month-on-month the decline matched the average for all capital cities at 2.4 per cent.
SQM Research pointed out that the data is especially unusual given that there’s normally a rise in listings at the start of the spring selling season, but this hasn’t been the case in 2014.
Managing director Louis Christopher said: “It implies the market remains strong, particularly on the east coast of Australia with buyers swooping on stock, often before the properties are formally listed for sale.”
The group also explained how there has been a rise in property asking prices over recent weeks, with the cost of houses up 3.7 per cent year-on-year in Brisbane.
Units, on the other hand, experienced a 2.9 per cent increase in value over the same period.
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