Top Sellers’ Markets

Sellers continue to hold all the cards in many Australian suburbs with new analysis revealing where vendors are in the box seat. The analysis by APIM shows 23 suburbs with conditions it predicts will remain strongly in favour of sellers over the coming months.

It examined a range of data including short and long- term sales, capital growth, rental affordability, vacancy rates, listings, household income patterns, household sizes and suburban composition of houses compared to units. Mosman Park in Western Australia is listed as a good prospect. The report says the unit market is tight and the market listing price increased by $65,350 in the past 12 months. In Queensland tightening supply and strong demand makes much of Mackay a sellers’ market.

Eimeo’s median listing price increased by $92,500 in the past 12 months. In Victoria, Merbein is a sellers’ market. Listings for detached houses have dropped in the past month, rents are stable and vacancy rates remain at 0%. In South Australia supply constraints make Burton a good market for sellers. The median list price has risen to $64,550 in the past 12 months.