Home vendors are taking a wait-and-see approach to the property market in early 2022, with new figures showing the number of new listings has not jumped compared to last January.
SQM Research founder Louis Christopher said despite the great expectations of the new year, vendors had not rushed back to the market to sell out of fear prices may fall this year. “We were expecting it to be absolutely nuts, but we haven’t seen that,” Mr Pattaro said. “Late February and early March are looking really strong though.”
Rental vacancies across most capitals decreased in January, with the exception of Perth, which held steady since December, the latest Domain Rental Vacancy Rate report showed.Credit:Melbourne’s vacancy rate was still the highest of the capitals at 2.4 per cent, although it had the biggest turnaround after dropping by 2 percentage points since January last year.
Time for a crash.