The properties listings in Australia in 2021 hit their low-level mark. Homeowners believe that they must wait for the right time to sell their properties. That’s not surprising, given how concerned many sellers are about their ability to sell their house during the difficult period of on-again, off-again lockdowns.
Of course, anyone actively looking for a home or an investment property this year have noticed a scarcity of A-grade homes and investment-grade properties on the market. One of the reasons property values soared this year was due to a skewed supply and demand ratio.
The CoreLogic report found that the units were among the top 10 most expensive sales in Australia. The top 10 Australian property market sales for the year totaled $407 million and ranged from $31,250,000 to $60 million. After an estimated sale of 614,635 as per CoreLogic reports, Sales volume also reached the highest level. This change in real estate investment has been seen in nearly 18 years during 2021.