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Homeowners gearing up to sell as buyers continue to swarm

More than a third of Australian homeowners are considering selling in the next five years, with new research from Westpac showing seller confidence and buyer demand continuing to rise.

New house with sold sign
Transactions are expected to continue to ramp up as Australia's extraordinary market conditions continue. Photo: Shutterstock

More than a third of Australian homeowners are considering selling in the next five years, with new research from Westpac showing seller confidence and buyer demand continuing to rise.

While 35 per cent of homeowners were planning to sell in the next five years, Westpac also said 12 per cent were already in the process of doing so, or planned to sell this year.

Westpac senior economist Matt Hassan said Australia’s improved economic outlook had …