Property Listings Increase

The national residential property listings increased in August by 2.9%, to 325,693 from 316,391 in July 2019.  

Compared to 12 months ago, listings were down by 2.1%. Sites For Property Investment

All states experienced an increase in property sales listings over the month, with Melbourne experiencing the highest increase at 6.7% followed by Sydney with a 5.0% increase.

Perth recorded the lowest increase of 1.7% over the month.

Year-on-year Sydney’s listings declined by 15.3%.

Melbourne also declined but by a smaller margin of 1.9%.

Perth and Darwin’s year-on-year listings also saw declines of 4.6% and 3.6% respectively.

All other states recorded increases on their year-on-year listings.

Hobart’s increase was 10.8%, the highest increase in the nation, followed by Canberra with an increase of 10.0%.

Key Points

  • National residential property listings increased in August by 9%, to 325,693 from 316,391 in July 2019. Compared to 12 months ago, listings were down by 2.1%.
  • All states experienced an increase in property sales listings over the month, with Melbourne experiencing the highest increase at 7% followed by Sydney with a 5.0% increase. Perth recorded the lowest increase of 1.7% over the month.
  • “New listings (less than 30 days old) rose in Sydney and Melbourne. While stale listings (greater than 180 days) fell.
  • Capital City asking prices increased marginally by 0% for houses but decreased 1.0% for units, over the month to 3 September 2019. Unit asking prices are now $560,500 and houses $928,800.
  • Compared to a year ago, the capital city asking prices posted declines of 5% for houses and declines of 2.3% for units.

Stock on Market Table:

City August 2018 Total July 2019 Total August 2019 Total Monthly change % Yearly change %
Sydney 36,011 29,055 30,512 5.0% -15.3%
Melbourne 37,671 34,646 36,962 6.7% -1.9%
Brisbane 31,608 31,038 32,059 3.3% 1.4%
Perth 26,405 24,770 25,180 1.7% -4.6%
Adelaide 16,291 15,876 16,372 3.1% 0.5%
Canberra 3,998 4,226 4,399 4.1% 10.0%
Darwin 2,109 1,965 2,033 3.5% -3.6%
Hobart 2,047 2,184 2,268 3.8% 10.8%
National 332,678 316,391 325,693 2.9% -2.1%

Days on Market Tables:

August 2019
City < 30 days 30-60 days 60-90 days 90-180 days > 180 days Total Listings
Sydney 11,637 3,080 2,413 5,005 8,377 30,512
Melbourne 13,485 4,170 2,964 5,984 10,359 36,962
Brisbane 7,703 4,870 3,832 6,737 8,917 32,059
Perth 5,146 2,749 2,483 5,491 9,311 25,180
Adelaide 3,994 2,385 1,638 3,424 4,931 16,372
Canberra 1,313 505 357 986 1,238 4,399
Darwin 164 144 148 310 1,267 2,033
Hobart 548 281 223 386 830 2,268
National 65,803 31,682 25,398 57,530 145,280 325,693

 

July 2019
City < 30 days 30-60 days 60-90 days 90-180 days > 180 days Total Listings
Sydney 8,360 3,607 2,858 5,902 8,328 29,055
Melbourne 10,034 3,996 3,399 6,751 10,454 34,634
Brisbane 6,730 5,068 3,716 6,782 8,741 31,037
Perth 4,671 2,849 2,928 5,663 8,394 24,505
Adelaide 3,939 2,321 1,566 3,507 4,542 15,875
Canberra 1,068 443 616 955 1,126 4,208
Darwin 204 135 112 314 1,197 1,962
Hobart 492 254 251 418 753 2,168
National 55,932 31,123 26,783 61,056 140,013 314,907

 

August 2018
City < 30 days 30-60 days 60-90 days 90-180 days > 180 days Total Listings
Sydney 13,474 5,506 3,910 6,940 6,180 36,010
Melbourne 15,095 6,388 3,712 6,475 5,985 37,655
Brisbane 7,937 5,655 4,138 6,367 7,511 31,608
Perth 5,489 3,393 2,824 6,432 7,970 26,108
Adelaide 4,384 2,359 1,954 3,276 4,315 16,288
Canberra 1,571 704 340 594 766 3,975
Darwin 209 165 136 347 1,249 2,106
Hobart 633 231 127 307 736 2,034
National 72,299 38,652 29,571 59,738 130,841 331,101

August’s counts in part reflect the annual seasonal rise in listings that occur as we enter into the spring period.

It also may represent some return of confidence by vendors especially in the Melbourne and Sydney property markets.

Agents will be pleased to hear the new listings also rose during the month, however, older listings remained fairly stable.

Asking Prices

Capital City asking prices increased marginally by 1.0% for houses but decreased 1.0% for units, over the month to 3 September 2019.

Unit asking prices are now $560,500 and houses $928,800.  Australian Money In Wallet On Real Estate Background

Compared to a year ago, the capital city asking prices posted declines of 1.5% for houses and declines of 2.3% for units.

Over the month, Melbourne’s house and unit asking prices both increased by 0.1% and 0.4% respectively.

Hobart also increased its house and unit prices by 0.5% and 4.2% respectively.

Sydney’s asking prices has increased by 1.7% for houses but declined 1.2% for units.

Other states to post asking price increases was Brisbane with a 0.5% for houses but 0.4% decline for units; Perth recorded a 0.6% increase for houses but a 0.8% decline for units.

Canberra also managed an increase of 1.6% for houses but a 0.3% decline for units, whilst Adelaide asking prices was stable for houses but declined 0.4% for units.

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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


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