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Melbourne's Seller Confidence Sparks Property Surge

• Melbourne's property market is experiencing a surge in seller confidence, resulting in an increase in home listings. The increase in seller confidence is largely driven by perceptions of rising prices and increased buyer demand.
• In Melbourne, the primary motivations for selling include lifestyle changes, downsizing, and financial gains. A survey indicated that 37% of respondents are motivated by lifestyle changes such as relocating to different areas or seeking properties with specific amenities like a pool or more space. Downsizing is the second most common reason, particularly among those aged 65 and over, reflecting the needs of an aging population. 
• For Melbourne's property buyers, the increase in listings is welcome news as it provides more options in a competitive market. However, the total number of listings remains lower than normal, meaning that competition for available properties is still intense.
• Despite these challenges, a huge number of sellers intend to sell within the next six months, suggesting that the influx of new listings will continue. 
• For potential sellers in Melbourne, now is an advantageous time to capitalize on the strong market conditions and high buyer demand, making it a potentially profitable period to list their properties.
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