WHAT'S the split between owner occupier and investor sellers? Since December last year, the rate of investors to owner occupiers selling has remained relatively steady.
In June, 24.7 per cent of all Ray White auction sellers across the country were investors while 69.5 per cent were owner occupiers and the rest identified as other/unknown. There was a dip in investor sales in May but an uplift in sales from owner occupiers, possibly coinciding with the federal election and first RBA rate rise.
In Sydney, the rate of investors selling frequently came in below the national average while owner occupiers were often above the average.
Sydney investors are holding steady for now with the June rate the second lowest on record at 19.6 per cent, the lowest was in January when 18.2 per cent of all auction sellers were investors. January also saw a spike in owner occupiers selling at auction at 81.3 per cent, the second highest was 74.7 per cent in June while the lowest was in December at 65.9 per cent.
Seller demographics in Melbourne also haven’t wavered much over the past six months except for a rise in owner occupier sales and dip in investor sales in May. Owner occupiers went up over five per cent from April to May to the highest on record of 77.8 per cent while investor sellers went down three per cent to the lowest on record at 20.1 per cent.
February seemed to be the month for investors to offload their properties with 27.6 per cent selling at auction during the month. Conversely, owner occupiers decided to hold onto their properties in February with a low of 68.7 per cent deciding to sell out of all the scheduled auctions.
On average, Brisbane has the highest amount of investors selling at auction since December last year. The number of auctions sold by investors hit a high last month of 34.4 per cent. The lowest was 24.8 per cent in May which is more in line with national averages.
Like the rest of the country, owner occupiers hit a high in May with 69.9 per cent of listings being auctioned by people who lived in the property. December saw the lowest amount of owner occupiers selling at just 58.8 per cent.
The number of investors selling in Adelaide has fluctuated the most of any capital city on the list. The lowest percentage was in January at 16.1 per cent while the highest was in February at 29.3 per cent.
Meanwhile, auctions were dominated by owner occupiers in January with 82.1 per cent of sellers identifying their property as their principal place of living. Owner occupiers selling at auction were at the lowest in February at 62.9 per cent.
