Almost 598,000 residential properties were sold in the year to August, which is the highest number of annual sales since 2004, according to CoreLogic.
The August result was 42% higher than the year before and 24% higher than the 20-year average.
Six states and territories recorded sales volumes above their 20-year average:
· QLD = up 28.9% on the 20-year average
· WA = up 28.6%
· NSW = up 25.3%
· ACT = up 24.8%
· SA = up 23.4%
· VIC = up 20.5%
· TAS = down 3.3%
· NT = down 12.0%
As the statistics show, buyers are competing hard for properties right now. So if you’re in the market, it’s vital you get your finances in order. That way, if you see a property you like, you can beat the competition.