{"id":29061,"date":"2020-11-14T08:13:46","date_gmt":"2020-11-13T19:13:46","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=29061"},"modified":"2020-11-14T08:13:46","modified_gmt":"2020-11-13T19:13:46","slug":"melbourne-property-listings-are-up-but-so-are-buyers-leaving-many-struggling-to-find-a-home","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/melbourne-property-listings-are-up-but-so-are-buyers-leaving-many-struggling-to-find-a-home\/","title":{"rendered":"Melbourne property listings are up but so are buyers, leaving many struggling to find a home"},"content":{"rendered":"<p><strong>PHOTO: Beaconsfield home owner Andrea Clarke is looking to downsize.\u00a0<span class=\"photographer\">Photo:\u00a0Greg Briggs<\/span><\/strong><\/p>\n<p class=\"first-para\"><a href=\"https:\/\/www.google.com\/url?client=internal-element-cse&amp;cx=007736748303843525207:i95wheizs-a&amp;q=https:\/\/propertynoise.co.nz\/au\/inside-the-stunning-melbourne-apartment-thats-been-discounted-by-a-staggering-10million-but-the-lucky-buyer-will-still-have-to-fork-out-a-fortune\/&amp;sa=U&amp;ved=2ahUKEwivr6uCnYDtAhVW_XMBHW8ACnkQFjAAegQIABAC&amp;usg=AOvVaw0HRHHlefF50iV36rXQNlJl\">Melbourne<\/a> homes are being sold quicker than new ones are listed, leaving buyers struggling to find properties in time for Christmas despite a staggering 170.9 per cent jump in new listings in October.<\/p>\n<p>New listings rebounded to unseasonable levels coming out of lockdown, Domain senior research analyst Nicola Powell said, but were now slightly lower than last year.<\/p>\n<p>Although buyer demand was still lower than this time last year, it was \u201crapidly tracking higher in recent weeks\u201d \u2013 up 33.2 per cent for the four weeks to October 25 \u2013 while the number of overall listings was 1.2 per cent lower than this time last year.<\/p>\n<p>\u201cIt shows stock is being absorbed at a greater rate than new stock is coming onto the market,\u201d Dr Powell said.<\/p>\n<p>Buyer\u2019s advocate and Real Estate Buyers Agents Association of Australia president Cate Bakos has seen this firsthand.<\/p>\n<p>\u201cI\u2019m not necessarily having people screaming at me saying, \u2018there\u2019s no stock\u2019, what I am having people scream at me is \u2018there\u2019s no time\u2019,\u201d Ms Bakos said. \u201cThe days on market are so tight, agents, vendors and buyers are all creating that perfect storm.\u201d<\/p>\n<p>She said vendors were taking pre-auction offers, as many had experienced the uncertainty of lockdowns making it near impossible to sell homes.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.domain.com.au\/news\/melbourne-property-listings-are-up-but-so-are-buyers-leaving-many-struggling-to-find-a-home-1005078\/\">DOMAIN<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"Jennifer Hawkins snaps at David 'Kochie' Koch live on-air for calling her a 'property flipper' | WATCH\" href=\"https:\/\/propertynoise.co.nz\/au\/jennifer-hawkins-snaps-at-david-kochie-koch-live-on-air-for-calling-her-a-property-flipper-watch\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" data-src=\"https:\/\/i0.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/11\/Jennifer-Hawkins.jpg?fit=634%2C357&amp;ssl=1&amp;resize=40%2C40\" alt=\"Jennifer Hawkins snaps at David 'Kochie' Koch live on-air for calling her a 'property flipper' | WATCH\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 40px; 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This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Melbourne property listings are up but so are buyers, leaving many struggling to find a home - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/melbourne-property-listings-are-up-but-so-are-buyers-leaving-many-struggling-to-find-a-home\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Melbourne property listings are up but so are buyers, leaving many struggling to find a home - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Beaconsfield home owner Andrea Clarke is looking to downsize.\u00a0Photo:\u00a0GregRead More &rarr;\" \/>\n<meta property=\"og:url\" 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