Property Listings Decreased in January

National residential property listings decreased in January 2021 by 2.9%, falling from 272,999 in December 2020 to 265,116.

Compared to 12 months ago, listings were down by 10.5%. Sydney Bellevue Hill

All capital cities experienced decreases in property listings over the month except for Perth which had a 0.1% increase in listings.

The largest decrease was in Melbourne of 4.7%.

Year-on-year listings also show larger declines for most capital cities with the exception of Sydney and Melbourne, both recording increases of 4.5% and 21.1%, respectively.

Stock on Market Table:

City January 2020 Total December 2020 Total January 2021 Total Monthly change % Yearly change
%
Sydney 24,062 26,038 25,149 -3.4% 4.5%
Melbourne 31,058 39,475 37,617 -4.7% 21.1%
Brisbane 29,231 26,643 25,720 -3.5% -12.0%
Perth 22,425 21,478 21,501 0.1% -4.1%
Adelaide 15,916 13,410 13,391 -0.1% -15.9%
Canberra 3,617 3,350 3,252 -2.9% -10.1%
Darwin 1,518 1,281 1,308 2.1% -13.8%
Hobart 2,134 1,647 1,628 -1.2% -23.7%
National 296,161 272,999 265,116 -2.9% -10.5%

New Listings (30 days)

Nationally, new listings (30 days) decreased by a 24.46% over the course of January with 16,234 less properties on the market.

Hobart’s new listings decreased by a significant 33.28%, followed by Canberra which decreased by 26.10%.  Sydney recorded the lowest decrease in new listings of 2.42%.

Days on Market Tables:

January 2021
City < 30 days 30-60 days 60-90 days 90-180 days > 180 days Total Listings
Sydney 8,144 2,955 3,382 4,669 5,999 25,149
Melbourne 10,787 6,460 5,245 4,921 10,204 37,617
Brisbane 5,710 4,758 4,135 4,759 6,358 25,720
Perth 4,351 3,495 3,245 4,409 6,001 21,501
Adelaide 3,103 2,509 2,073 2,398 3,308 13,391
Canberra 923 483 368 508 970 3,252
Darwin 138 130 129 170 741 1,308
Hobart 443 366 131 227 461 1,628
National 50,137 38,816 30,565 44,503 101,095 265,116

 

December 2020
City < 30 days 30-60 days 60-90 days 90-180 days > 180 days Total Listings
Sydney 8,346 4,999 2,797 4,205 5,691 26,038
Melbourne 14,152 7,231 4,057 3,875 10,160 39,475
Brisbane 6,668 5,873 3,259 4,527 6,316 26,643
Perth 4,963 4,118 2,652 3,941 5,804 21,478
Adelaide 3,938 2,653 1,479 2,076 3,264 13,410
Canberra 1,249 561 331 359 850 3,350
Darwin 164 161 92 154 710 1,281
Hobart 664 201 120 187 475 1,647
National 66,371 39,912 25,137 39,650 101,929 272,999

 

January 2020
City < 30 days 30-60 days 60-90 days 90-180 days > 180 days Total Listings
Sydney 8235 2075 2973 4463 6316 24062
Melbourne 8435 3543 4630 6335 8115 31058
Brisbane 5688 3542 4758 7038 8205 29231
Perth 4155 2219 3188 5111 7752 22425
Adelaide 3444 2241 2375 3309 4547 15916
Canberra 826 330 526 735 1200 3617
Darwin 122 68 88 201 1039 1518
Hobart 461 288 299 406 680 2134
National 48049 28164 33809 56644 129495 296161

Commentary

The month of January traditionally records falls in properties listed for sale as the market is still in a summer holiday mode.

This year was no exception. However, when we consider the number of new listings compared to January 2020, there was a material rise in nearly all cities.

This finding is consistent with the observed early start to the auction market over January and February.

Asking Prices

Capital City asking prices declined by 0.7% for houses but increased 0.2% for units, over the month to 2 February 2021.

The new year commenced with unit asking prices at $565,600 and houses $996,800. Money Time Property Price

Compared to a year ago, the capital city asking prices posted increases of 2.0% for houses but a decline of 2.1% for units.

Over the month, Melbourne and Canberra were the only capital cities to record decreases in both house and unit prices – 0.4% and 0.2% respectively for Melbourne and 0.2% and 0.7% for Canberra house and unit prices.

Perth, Adelaide and Darwin all recorded increases in both house and unit prices over the month to 2 February 2021.

Sydney recorded a decline in house prices of 1.7% but an increase in unit prices of 0.2%.

Brisbane also recorded decline of 0.3% in house prices and an increase of 0.6% in unit prices. Hobart recorded an increase of 0.6% in house prices and decline of 0.5% in unit prices.

icon-podcast-large

Subscribe & don’t miss a single episode of Michael Yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to Michael Yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.

icon-email-large

Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.


Louis Christopher

About

Louis is recognised as one of Australia’s most respected and impartial research property analyst. He has extensive knowledge and experience of property and is regularly quoted in the media on his insights and is director of SQM Research.
Visit www.SQMResearch.com.au


'Property Listings Decreased in January' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*


Copyright © Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts