Spring Property Season Sees Surge in Listings by 18.2%

As spring blossoms, so does the real estate market! CoreLogic data reveals a significant 18.2% spike in property listings, driving an 8.3% increase in sales. East Coast cities are leading the charge, with Melbourne, Sydney, and Hobart seeing impressive growth.?

Highlights:

• Melbourne:+26.7% in listings, +10.5% in sales
• Sydney: +20.3% in listings, +10.4% in sales
• Hobart: +27.9% in listings, +12.3% in sales

??? Finance Pre-Approvals Soar:??

Loan Market reports a 23% increase in pre-approvals from last year, with Victoria seeing a 40% jump! As listings surge, buyers are stepping up their game, and upgraders & first-time buyers are leading the charge.

?? RBA's Steady Cash Rate:?

The RBA's consistent cash rate gives buyers the confidence they need. Tommy Nguyen of Loan Market notes pre-approvals are critical as more listings hit the market. However, some buyers still face challenges, with a third needing multiple pre-approvals to find their dream home.

Get ready for a bustling property season! Whether you're buying or selling, now's the time to act. ??

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