More homes are hitting the market while prices fall across most capital-city suburbs – giving buyers more negotiating room.
 
According to SQM Research, the number of properties listed for sale in August was 12.8% higher than a year earlier.
Distressed listings also increased 10.0%, although they remain relatively low.
 
At the same time, Cotality says 93% of capital-city suburbs recorded price declines over the three months to August.

More power – not unlimited power

 
Those trends clearly favour buyers more than they did previously.
 
More listings can mean:
  • Greater choice.
  • Less urgency.
  • More scope to negotiate on price or terms.
But this still isn’t a market where every seller is desperate to deal.
 
Good properties can attract strong competition and distressed listings remain relatively uncommon.
 
So buyers should use the softer market to negotiate confidently – without assuming every vendor will accept a steep discount.
 
Knowing your borrowing limit before negotiations begin can make that easier. Get in touch before you start making offers and we can establish your budget and finance options.