Thanks for the info UC, I've been watching inner west, Chapel Hill, Graceville, Taringa, etc and Ashgrove/Bardon areas for a few years now. I had a good handle on price until this year, with very little selling its difficult to work out what prices are doing, for me. There are a few selling very quickly (either very cheap places or houses in high demand areas, like high side Graceville), and others who added another 20% on from last year, and had to drop it back a bit to sell, but probably only 10% of the houses I'm looking at are selling. A few alright ones in Graceville that would have sold easily for current asking price last year have been sitting for months. I've tried low-balling a couple (particularly empty ex-rentals), but the vendors aren't budging.
Listings seems to have slowed down now, so it will be interesting to see what happens in spring as vendors start to put more on the market.
Also noticing a pickup in rentals in these areas, seems a few who can't sell are renting out. My rental search used to give me 40 results consistently, now gone up to 60. There's a unit in my complex sitting empty for the first time since I've been renting here.
All anecdotal, but that;s what I'm seeing ATM.
Listings seems to have slowed down now, so it will be interesting to see what happens in spring as vendors start to put more on the market.
Also noticing a pickup in rentals in these areas, seems a few who can't sell are renting out. My rental search used to give me 40 results consistently, now gone up to 60. There's a unit in my complex sitting empty for the first time since I've been renting here.
All anecdotal, but that;s what I'm seeing ATM.