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Winter has generally been seen as the quiet season for the property market, with autumn and spring being the busiest times of year to buy and sell.

Winter has generally been seen as the quiet season for the property market, with autumn and spring being the busiest times of year to buy and sell. 

According to figures by Australian Property Monitors, from 2000 to 2013, the number of sales across the nation for July averaged 43,166, compared to 44,712 for November and 46,823 for March.

However this year has seen a seasonal upturn with activity in the market remaining hot during winter. According to RP Data, there are more sales and more auctions in capital cities compared to a year ago. The average clearance rate for capital cities reached 68.7% last weekend (12 - 13 July) compared to 67.7% the same time last year.

Also, the auction clearance rates throughout last year remained fairly steady in all capital cities. During winter, the rates were 67.9 per cent compared to 66.6 per cent for the other three seasons. This may be an indication that the amount of supply and demand is fairly balanced throughout the whole year. This may be useful to remember if you are planning to sell your property over the next year. 

After four weeks of consistent rises, the housing prices have recovered from the usual early winter lull. According to RP Data, the average auction prices of properties in capital cities rose by 0.9 per cent (as of July 7th). This brought the year to date rise to 4.1 per cent, compared to last year’s rise of 3.5 per cent.

Sydney, Melbourne, Brisbane and the Gold Coast have seen an improvement since this time last year, however Adelaide and Perth have not been as strong. 

Sydney’s year to date gain has been 6.3 per cent compared to 5.3 per cent, Melbourne has beaten last year’s 3.2 per cent with 4.5 per cent and Brisbane and the Gold Coast have risen by 2.8% compared to 0.9% last year. 

The increase in the number of sales show that there are still plenty of buyers looking during winter and with house prices consistently rising in some areas, it may be a good time to consider putting your house on the market before the spring rush comes around. The fact is that winter should not be ruled out as the slow and quiet season for both buyers and sellers. To get an idea of what your property might be worth and recent sales in your suburb, check out the State Custodians Free Property Report.