June Property Insights
Brisbane’s property market had a busy start to the usually quieter winter period, with new listings up 8.6% in June compared to May. That increase meant Brisbane had its fastest June since 2011 for new listings, with new listings 11.4% higher than at the same time last year.
The good news for buyers is these new listings helped lift the total stock of properties listed for sale in Brisbane 9% month-on-month in June. That is helping give buyers more choice than was the case earlier in the year. Nonetheless, after two years of strong demand, competition remains tough for buyers searching in Brisbane, with the total stock of properties listed for sale still down around 28% compared to pre-pandemic.

Buyers searching right across Brisbane had more new options come to market this year compared to 2021. Buyers searching in Logan – Beaudesert saw the largest increase, with new listings up 20% year-on-year.
Regional Queensland also had a strong start to winter, with new listings up 11.5% month-on-month, marking the busiest June for new listings since 2014. This stronger month helped give buyers a little more choice, with the total stock of properties listed for sale increasing 3.8% month-on-month in June. Nonetheless, conditions remain tough, with the stock of properties available for sale 40% below pre-pandemic levels.

Learn more https://www.realestate.com.au/insights/proptrack-listings-report-june-data-2022/?rsf=edm:brz:nl:proptrack:icon#qld