Signs the Property Market is Improving

The 10 signs buyers should watch for that indicate property market recovery:

1. Offers are made before a property goes “public”
2. Multiple offers are made – by different buyers – on the same property after listing
3. Properties start to sell above listed or reserve price
4. New properties start to sell above their resale value
5. Tightening vacancy rate and rising rents
6. The amount of established stock on the market falls
7. New housing supply falls below its long-term underlying demand
8. Job growth starts to accelerate
9. Sales volumes start to increase
10. The time resales remain on the market fall

In Australia, Brisbane has nine out of 10. Too early to call an upturn? Maybe, but the signs are definitely there. Of course, the proof in the pudding is a sustained rise in generic property prices.


By Michael Matusik     

13 June 2012

http://www.propertyobserver.com.au/residential/the-10-signs-investors-should-watch-for-of-property-market-recovery-michael-matusik/2012061255085