According to market observers, buyers seem to take advantage of current housing market conditions to announce more lively weeks before the Christmas holidays.
Competition for a limited number of properties should be "supercharged," said Real Estate Buyers Agents Association president, Cate Bakos.
"For many reasons, buyers tend to come in the spring because they know that the number of listings is optimized.Buyers like the idea of ​​Christmas in their new home and those now looking to buy may also wish to have children start in their new school by the end of January, "she told Mail-Mail.
The auction market, for example, reflects stable reconciliation rates over the last few weeks, despite a slightly lower auction volume of one year on the other, a sign of the recent year. a strong interest from buyers.
Read also: Low rates that put money in the pockets of investors?
According to the latest CoreLogic Home Value Index, rising demand could be attributed to rising property values ​​in most US state capitals.
"The improvement in the housing market situation tends to diversify geographically.While Sydney and Melbourne continue to dominate the growth trend, on the basis of monthly reading, we also expect a slight increase in value of housing in Brisbane and Adelaide, "said Tim Lawless, research director at CoreLogic.
Lawless said the combination of hardening the job market, stronger population growth, better access to credit and historically low mortgage rates fueled the price rebound in Australia.
Raine and Horne reported in another report that the Sydney housing market, in particular, is expected to be busy in the coming weeks until Christmas, as buyers stay on the hunt for bargains .
Homebuyers and investors have remained "unusually" active in the market, apparently indicating that they are developing a sense of fear of missing out, said Raine and Horne's executive chairman, Angus Raine.
"The fear of missing an opportunity will spur activity in Sydney until December 21, the last Saturday before Christmas," he said. "There are more buyers in open residences, yet our listings at NSW in September were 13% lower than the same month last year, and we are now moving towards a sellers' market. "
Read also: Other investors arrive on the market
Matthew Smythe, sales agent at Belle Property Neutral Bay, said that competition for homes is intensifying, leading to higher prices in some transactions.
"There is competition and buyers need to flourish in order not to miss it.It's in this time of year — buyers will be relocating because Christmas will not be very far away and they do not act, the next opportunity is in February, "he said in an article in Domain News.
Despite the series of real estate prize wins over the last few months, a report from the Housing Industry Association (Housing Industry Association) actually showed an improvement in the # 39, affordability in capitals.
"Interest rate cuts have more than offset the rise in house prices to ensure continued improvement in the affordability of housing," said the economist in HIA leader Tim Reardon.
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