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‘More confidence’ in home buyers as sales jump 62 per cent between January and March

April 12, 2023

There is “more confidence” in home buyers as recent data reveals national sales jumped up 62 per cent between January and March, says Head of Property Australia at InfoTrack Lee Bailie.

“We still have a challenge with stock – it’s challenging to get stock on the market at the moment,” he told Sky News Australia.

“But if stock is getting to the market and it is reasonably priced … that stock is moving.

“I do think buyers have taken into account the recent interest rate rises over the course of the last ten months – the pause has been good, prevailed with some more confidence for those buyers.”