Property Listings Increased in November

Figures released reveal national residential property listings increased in November by 6.3%, from 318,874 in October 2019 to 338,971.

Compared to 12 months ago, listings were down by 6.3%.

All capital cities experienced an increase in property sales listings over the month with the exception of Darwin which continues to experience decreases in listings, with November’s decrease at 1.9%. Darwin’s yearly decrease was 12.3%. Buy Home In Australia

Hobart recorded the highest monthly increase in property listings of 11.7%, followed by Adelaide with a 10.8% increase, Melbourne 10.7% and Canberra a 10.4% increase.

Sydney recorded a 7.1% increase over the month and is a large improvement year-on-year where the city’s listings declined by a significant 19.3%.

New listings drove the monthly rise with stock under 30 days old increasing by 5.4% for the month.

While stock for over 180 days declined by 3.6%.

Year-on-year listings show declines for all cities except Canberra which recorded a 0.4% increase.

Perth decreased by 8.8% and Melbourne by 8.5%.

Hobart and Adelaide declined by smaller margins over the year, 1.6% and 0.8% respectively.

Stock on Market Table:

City November 2018

Total

October 2019

Total

November 2019

Total

Monthly change % Yearly change %
Sydney 39,772 29,977 32,101 7.1% -19.3%
Melbourne 43,727 36,122 40,003 10.7% -8.5%
Brisbane 34,683 31,101 33,205 6.8% -4.3%
Perth 28,273 24,368 25,781 5.8% -8.8%
Adelaide 18,281 16,369 18,139 10.8% -0.8%
Canberra 4,979 4,529 4,998 10.4% 0.4%
Darwin 2,148 1,921 1,884 -1.9% -12.3%
Hobart 2,427 2,138 2,388 11.7% -1.6%
National 361,619 318,874 338,971 6.3% -6.3%

 

Days on Market Tables:

November 2019
City < 30 days 30-60 days 60-90 days 90-180 days > 180 days Total Listings
Sydney 14,299 4,863 2,505 3,240 7,194 32,101
Melbourne 17,712 6,129 3,030 4,360 8,772 40,003
Brisbane 8,658 5,983 4,110 6,029 8,425 33,205
Perth 6,129 4,000 2,659 4,152 8,841 25,781
Adelaide 6,211 3,180 1,736 2,365 4,647 18,139
Canberra 1,948 703 451 546 1,350 4,998
Darwin 168 113 92 262 1,249 1,884
Hobart 801 291 192 332 772 2,388
National 82,529 42,837 27,948 45,195 140,462 338,971

 

October 2019
City < 30 days 30-60 days 60-90 days 90-180 days > 180 days Total Listings
Sydney 13,567 3,839 2,047 3,058 7,466 29,977
Melbourne 15,689 4,574 2,498 4,365 8,996 36,122
Brisbane 7,968 5,585 3,641 5,479 8,428 31,101
Perth 5,900 3,191 2,229 4,369 8,679 24,368
Adelaide 5,498 2,412 1,325 2,511 4,623 16,369
Canberra 1,814 569 318 645 1,183 4,529
Darwin 152 106 101 329 1,233 1,921
Hobart 635 281 200 326 696 2,138
National 78,061 34,998 23,437 44,739 137,639 318,874

 

November 2018
City < 30 days 30-60 days 60-90 days 90-180 days > 180 days Total Listings
Sydney 13,011 7,508 5,289 6,670 7,294 39,772
Melbourne 15,823 9,132 5,030 6,850 6,892 43,727
Brisbane 9,024 6,635 4,811 6,252 7,961 34,683
Perth 7,121 4,444 3,169 4,714 8,825 28,273
Adelaide 5,960 3,024 1,823 2,980 4,494 18,281
Canberra 1,961 1,077 475 622 844 4,979
Darwin 255 152 130 284 1,327 2,148
Hobart 875 334 224 269 725 2,427
National 83,066 48,996 36,123 54,986 138,448 361,619

 

November’s increase in listings indicates the return to a normal spring selling season.

The rises were primarily driven by new listings.

While old stock kept falling.

This suggests to me that sales volumes are on the rise and that sellers are starting to respond to the rising market.

Asking Prices

ad_build_wealth

Capital City asking prices increased marginally by 1.6% for houses and 0.6% for units over the month to 3 December 2019.

Unit asking prices are now $573,100 and houses $954,800.

Compared to a year ago, the capital city asking prices posted increases of 2.4% for houses and increases of 0.7% for units.

Over the month, Sydney, Melbourne, Adelaide and Canberra all recorded increases in both houses and units, with Melbourne showing the strongest growth of 2.2% in the housing market followed by Sydney with a 1.9% increase in house prices.

Brisbane and Hobart both posted increases in house prices – 0.4% for Brisbane and 0.7% for Hobart – however both cities had marginal declines in the unit market of 0.1% for Brisbane and 1.3% for Hobart.  Perth’s housing market remained steady but unit prices have increased 0.9%.

Darwin however, continues its decline in both houses (1.0%) and units (1.3%).

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 Increased in November' 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

*


facebook
twitter
email