Brisbane sellers flood the market as homeowners race to beat further price falls

Brisbane homeowners are flooding the property market in an unusual winter rush as fears grow the city’s housing downturn still has further to run. New SQM Research figures show the number of homes listed for sale across Brisbane surged 18 per cent in July alone, defying the usual seasonal slowdown and giving buyers their biggest choice of properties in months. RELATED: Thousands of Sydney homes linger on market as buyers retreat Aussie property listings rise, offering desperate home hunters a lifeline A home for sale in Brisbane, where listings jumped 18 per cent in July. Photo: Glenn Hunt. Property analyst Louis Christopher said the spike was highly unusual for the middle of winter and suggested many sellers were trying to get ahead of a market they believed would weaken further. “I think there’s definitely an element of vendors out there who would prefer to sell now rather than later,” Mr Christopher said. “It could be sellers rushing to try and get a good price now rather than a worse price later. “I think the view out there is this downturn is going to be with us for quite some time.” Brisbane recorded one of the biggest jumps in listings of any capital city during July, with t...