New data reveals that sellers who wait for the peak of spring are often rewarded for their patience. According to a recent analysis by PropTrack, November is statistically the best month to sell a home in Australia, followed closely by the autumn months.
Based on sales records from 2014 to 2023, November prices across the country typically exceed the annual average by 0.78%. This translates to an extra $7,000 in sales revenue for a typical $880,000 property. However, the gains can be even higher depending on the location and value of the home.
Some markets, such as Melbourne, Adelaide, and Perth, experience seasonal price increases of over 1% during their peak selling periods.
The best selling outcomes occur in October or November when buyer activity surges. The autumn selling season, particularly February and March, also sees seasonally higher prices as buyers accumulate during the slower holiday period.
While most markets follow this trend, a few exceptions exist. Sydney, for example, sees the highest prices in March but still experiences above-average sales during October and November. Darwin, on the other hand, has its most active market in April, with prices rising by 3.43% compared to the rest of the year.
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