Market offers choice after years of undersupply
The current market situation provides prospective buyers with something they haven’t experienced in a
little while - CHOICE. This has arisen due to a reversal in the supply/demand equation that drove strong
price gains over recent years.
Mathew Tiller, Head of Research at LJ Hooker, examines the change in supply and demand, and whilst this has effected prices in many areas across Australia, demand has not dropped off from all buyer types and values are still considerably higher than they were three to five years ago in many cities and areas.
Read more about what property values are doing, why some prices have begun to fall and should we be worried.