While the national property market might be starting to contract, competition for available stock remains fierce.
Turns out the typical property listed on realestate.com.au in May was on the site for just 32 days, compared to 37 days in April and 62 days in May 2020.
That’s an historic low, with reports indicating eager buyers are putting in offers sooner than they did in the past.
So what’s the take-out?
If you’re seriously looking to buy right now it’s important to have your finance pre-approved so you don’t miss out.