Advertised property prices - changes since COVID19

Discussion in 'Property Market Economics' started by noobinator, 21st Apr, 2020.

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  1. noobinator

    noobinator Active Member

    Joined:
    18th Jan, 2018
    Posts:
    32
    Location:
    Melbourne
    I am not the creator of this resource, but I stumbled upon it and thought it was worth sharing:

    PropertyWeb

    You can type in a suburb and then see a list of advertised price changes for properties for sale recently

    Maybe this will assist others as a leading indicator (more so than other typically lagging aggregate measures like CoreLogic indexes) without needing to do a lot of leg work searching on the internet.
     
    Erida, hieund85, CheckMate and 3 others like this.
  2. Antoni0

    Antoni0 Well-Known Member

    Joined:
    6th Jul, 2017
    Posts:
    543
    Location:
    Birisbane
    Great tool, thanks for sharing. :)
     
  3. Jezzah

    Jezzah Well-Known Member

    Joined:
    11th Apr, 2019
    Posts:
    215
    Location:
    Melb
    Thanks, most around me seem to run the typical campaign and then four weeks later update with a single price higher than the previous listing. These have then been sitting there idle for weeks.
     
  4. tonyvooz

    tonyvooz Active Member

    Joined:
    20th Mar, 2017
    Posts:
    41
    Location:
    Victoria
    I consider it's a price drop if single asking price isn't 10% higher than previous advertised range (as vendors/agents normally expect). In my suburb of interest, some properties has single asking price revised the 2nd/3rd time to within or even lower than previous advertised range.