According to the latest Westpac report, Australian homeowners' selling intentions have increased, with one in three saying they plan to sell their homes within the next five years, according to the latest report from Westpac.
Of those who are considering selling their home, one in ten is already putting their home on the market.
However, more than half of potential sellers actively refuse to immediately list their property.
Anthony Hughes, managing director of mortgages at Westpac, said homeowners are motivated to sell as their housing preferences change.
In fact, a fifth of homeowners sell for reasons directly related to the pandemic, such as the trend of working from home.
"Homeownership preferences have evolved since the start of the pandemic, with Australians seeking more space, peace and quiet, as well as properties that offer a lively life. look like backyards and balconies, ”he said.
Matt Hassan, senior economist at Westpac, said the demand for housing has increased, resulting in a sellers' market.
"Sales have grown steeply over the past four months and are up over 36 percent from a year ago, resulting in a significant tightening of supply with registrations in major capitals now at their lowest for 12 years, ”he said. "Research suggests that the situation will rebalance in the coming months as more sellers enter the market, but demand is still expected to remain strong, causing prices to rise steadily this year and year. next."
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Narara
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