Buyers gain leverage as competition eases and listings build nationwide

Softer property market conditions have created opportunities for buyers, with more homes for sale at lower prices and more time to make a decision.The latest realestate.com.au Market Snapshot shows buyers have more options to choose from than a year ago in most parts of the country, despite fewer homes being listed for sale in Australia’s biggest property markets.The report tracks price movements, listing volumes, auction clearance rates and the typical number of days a home spends on the market before it’s sold.It suggests that buyers are beginning to gain the upper hand, with prices pulling back from the record highs reached earlier in the year, homes taking longer to sell and more properties remaining on the market.Higher interest rates and strained affordability have weighed on housing demand, putting pressure on prices, according to report author and realestate.com.au senior economist Angus Moore.Source: realestate.com.au Market Snapshot August 2026“Home price falls continued in August, extending the downturn into its fifth consecutive month, and pushing 2.7% below peak,” he said.“The cumulative impact of three interest rate rises and changes in the federal budget to investor ...