November delivered another month of tight stock and steady price growth. Listings fell 5.4% from October and more than 12% year-on-year, with Brisbane seeing the sharpest drop. Even with buyer enthusiasm cooling after the government’s 5% guarantee, asking prices rose nationally—houses up 1.0% and units up 0.6%.

Adelaide and Brisbane led annual growth, while distressed listings fell more than 32% from last year, signalling improving financial resilience.

For investors, low supply and mixed buyer sentiment create pockets of opportunity—if you buy with a clear plan, not emotion.

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