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Podcast: The PROPERTY DOCTORS, Sydney Australia Novak Properties
Episode: EP. 1454 HOW MANY UNITS IS TOO MANY IN YOUR SUBURB! DEPTH OF MARKET
Description: Ever wonder why some properties sell for premium prices while seemingly identical ones struggle to find buyers? The answer often lies in a concept real estate professionals call "depth of market" – and it might be the most underappreciated factor in property pricing today.Depth of market refers to the absorption rate of properties in a specific area – literally how many units a suburb can sell each month. Whether you're a developer planning your next project or a homeowner timing your sale, understanding this concept can have more impact on your bottom line than broader market trends....