CoreLogic data reveals where buyer’s bargaining power is rising

The past 6 months have highlighted major shifts in Australian housing markets. For example, data hints at demand pivoting from the largest capital city dwelling markets to regional Australia, inner city rental markets suffered from a slowdown in international migration while rents rose in outer-suburbs, and Perth dwellings may be back on track for a long-awaited upswing. 

Median days on market is another data insight that can indicate changes in demand. It is the typical number of days observed between the initial listing of a property and its contract date. CoreLogic prefers to measure median days on market on a rolling, three-month basis which helps to smooth out volatility. When days on market rise, it indicates demand for property…

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