Analysis of the Australian second-hand property market: the best time to sell a property

Sales in the Australian property market will be booming in 2024, and market analysis shows that November is undoubtedly the best month for Australian sellers to sell second-hand properties. Changmei Australia Properties also took advantage of this golden peak season to successfully sell its Australian properties for customers at high prices. According to the latest data, the average house price in Australia that month was 0.78% higher than the annual average price. This trend reflects the health of the market and provides an important reference for potential sellers. According to reports from the Australian Real Estate Network, Paul Ryan, senior economist at REA Group, pointed out that property sales this year were extremely active, especially in October and November. With frequent market activity, property sales prices are generally higher than average. In addition, market dynamics show that February and March of each year are also good times to sell homes. Property sales during this period are also higher than average, showing strong buyer demand for new properties.

Based on an analysis of sales data from 2014 to 2023, November sales were the highest of the year. Although not all sellers were able to successfully sell their properties in this month, looking at cities across Australia, the sales price of properties in November was indeed 0.78% higher than the annual average price. This means that for a home of about $880,000, sellers are likely to sell for about $7,000 more than the annual average in November. This price difference cannot be ignored, making it an attractive option for sellers preparing to sell their property in November. Although the specific market situation may vary by region, the overall trend is clearly visible, and the timing of home sales in November deserves sellers’ attention.

In addition to November, other months at the end of the year are also good times to sell a house. Generally speaking, house prices increased by 0.57% in October and 0.21% in December. These figures show that market demand in these months is still strong. Moreover, February and March each year also show good opportunities to sell houses, with prices rising by 0.52% and 0.6% respectively. These times are often the months with the most activity in the property market, attracting an influx of buyers. In contrast, June and July have the lowest seasonal average prices due to relatively low transaction volume and buyer demand in these two months. Therefore, sellers should take these seasonal changes into consideration when choosing when to sell their property in order to get the best return on the sale price in the market.