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.
