New data has revealed several Central Coast suburbs are among the most sought after suburbs in Australia for would be buyers.
Using data from realestate.com.au – including measuring key enquiries per listing –PropTrack has found that Holgate, Matcham and Fountaindale are some of the most sought after by would-be homeowners.
According to realestate.com.au, the data shows that buyers are seeking both space and affordability, which these Central Coast suburbs offer. The PropTrack data also shows that buyers are seeking suburbs that are close to the city.
Holgate, Matcham and Fountaindale have beat out the likes of other NSW suburbs including Chiswick, Cattai and Kenthurst as well as Queensland suburbs such as Chandler and Burbank.
Speaking to realestate.com.au, PropTrack senior economist Paul Ryan said that it’s a good indication of serious buyers.
“We think of it as a leading indicator of market activity, and higher demand in general we know is associated with higher prices,” Ryan told realestate.com.au.
“It tends to be serious buyers, so it’s a good indication of how much competition there is for property.”
Ryan also said there is a bit more of a balance in the property market.
“We have seen price growth slow a little bit, and auction clearance rates decline a little. Both have continued to be solid, but slower than towards the middle of the year,” Ryan told realestate.com.au.
“That’s consistent with more supply coming on the market and a bit more balance to demand and supply.”
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By Bek Lougher
