The Numbers Don’t Lie

According to a recent survey, 44% of potential sellers in July believed that it was the right time to sell their homes, a significant jump from 37% last year. Homeowners are feeling more confident, and that confidence is largely due to stronger property prices. In simple terms, more people now feel they can sell their homes for a good price compared to the previous year.

But it’s not just about the numbers. There’s a story behind every decision to sell, and for many Australians, that story is changing as the property market offers more favourable conditions.

Why Sellers Are Feeling Good About the Market

The wave of home listings isn’t just happening in one part of the country. States like Western Australia, South Australia, and Queensland are leading the charge, with property prices climbing steadily over the past few years.

In fact, Western Australia has seen the highest level of seller confidence, with more than two-thirds of homeowners there expressing optimism about the market. This marks an 8% increase in confidence from the previous year, signalling a growing belief that now is the perfect time to sell.

South Australia follows close behind, with 63% of sellers feeling confident, and in Queensland, more than half of potential sellers believe the market is working in their favour.

Even New South Wales has seen a rise in confidence. On average, there was a 13% increase in potential sellers ready to list their properties compared to last year. Victoria, while still a little behind the others, has made great strides with 29% of homeowners feeling optimistic about selling—up from 19% in July 2023.

Personal Reasons Are Also Driving Decisions

While market conditions play a big part, many sellers are also motivated by personal circumstances. Downsizing, upsizing, retirement, and changes in relationships are some of the common reasons why Aussies are thinking about selling.

For instance, 25% of respondents mentioned that reducing expenses and moving to smaller homes were key factors for them. This trend, particularly among retirees, is driven by the desire to unlock the equity tied up in their homes. With property prices on the rise, now seems like the right time for them to make that shift.

On the other hand, many people are looking to upgrade their homes. Whether it’s to capitalise on financial gains or simply to move to a property that requires less maintenance, the desire to make smart moves in the current market is strong.

Another interesting trend is the move from cities to coastal or rural areas, fueled by flexible working arrangements. The survey revealed that 19% of sellers are considering this lifestyle change, as more people work from home and choose to live closer to nature.

Is Now the Right Time for You?

Sellers are acting fast to take advantage of what they believe is the perfect selling window, but they’re not the only ones benefiting from the current market. Whether you’re looking to buy, invest, or make a lifestyle change, the conditions are right for making a big move.

While some sellers believe prices may start to stabilise in the coming months, the market is still strong, and buyer demand remains high, particularly in regions like Western Australia and South Australia.

If you’ve been thinking about selling, buying, or investing, now might be your chance to get the best deal. With rising property values, increased confidence among sellers, and a growing demand for homes, the timing couldn't be better.

Take Action with OM Financial

At OM Financial, we specialise in helping you navigate the market, whether you're selling, buying, or investing. Our team of experts will provide tailored advice to help you seize this golden opportunity. Don’t wait until the market changes—reach out today and take your next big step with confidence!

Call Us: 478 876 967