Investors across the nation have expressed concern over the fall in homes listed for sale last month. SQM Research has revealed its latest stock listings data, which points towards a monthly fall in listings across every capital city across the country.
Melbourne was one of two cities to record double-digit falls – the other being Sydney – as the market slowed down in the run up to Christmas and New Year. Although not impossible to find real estate in Carnegie, the number of options might have been limited during the month.
However, experts have recommended taking this data with a grain of salt.
"While the headline may record a decline in listings for December, the truth is there is heavy seasonality this time of year. Therefore the yearly result is a better indicator of the market," explained Louis Christopher, managing director of SQM Research.
The data showed Melbourne's stock listings to have fallen 7.2 per cent over 2015. This shows that demand for homes in this part of the country is strong, and that once people have invested, they might be reluctant to move.
This is why it's so important to have a real estate agent such as Matt Hurlston on your side. He and the team at Ray White Carnegie can scour the market and find homes within your budget you may not otherwise have considered.
Strong price growth could be another reason why you choose to buy real estate in Carnegie. The December CoreLogic RP Data Home Value Index revealed a one per cent rise in dwelling values throughout Melbourne, while yearly increases registered at 11.2 per cent.
In dollar terms, analysts revealed that Melbourne property owners have seen around $60,400 added to the value of their homes over the past year.
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