Once again, REA results give us a good view on what's happening on the housing market : - clearly supply keeps increasing*, in particular in Sydney and Melbourne, and now followed by other capital cities, - this supply increase has also led to a demand increase (" national buyer enquiries returning to growth, increasing 14% YoY, with enquiry levels trended higher in the second half" source : REA).
"Strong level of demand resulted in YoY reduction in days on site with properties turning over more quickly, supporting seller confidence".
* residential buy listings increased by 16 % yoy during Q4 24 (vs around + 5 % for H1 and + 6 % in Q3).
