Cairns – listings currently sit at a level 25% higher than the same period last year, this result represents the greatest annual increase in listings across the period 2005 to 2008.
Townsville - listings have increased by 34% during the last year, the greatest annual increase in listings during the last three years.
Sunshine Coast – listings have recorded an increase of 4% during the last 12 months, which represents the smallest annual increase in listings at any time between 2005 and 2008.
Gold Coast – listings have increased by 390 or 24% over the last 12 months which represents the greatest annual increase in listings during the last three years.
All highlighted Queensland regional areas except for the Sunshine Coast have recorded their greatest percentage increase in listings during the last year which suggests the level of stock on-the-market far outweighs the number of buyers currently in the market.
These results again highlight that Australia is in the midst of a buyers market. For those who have the capacity , there is a large amount of stock on the market and few buyers. It is felt that the best window of opportunity to buy will be during the next six to nine months with purchasers continuing to be in the best possible position to negotiate as supply in the market far outstrips current demand.