National residential property listings decreased in September by 6.3% from 312,680 listings in July 2020 to 293,053.
Compared to 12 months ago listings were also down by 10.0%.
All capital cities recorded decreases in property listings over the month with Melbourne recording the highest decrease at 13.2%.
Hobart recorded the second largest decrease at 9.4% followed by Canberra with 6.3% decrease.
Sydney recorded a 4.0% monthly decrease and Brisbane recorded a 5.1% decrease.
Perth and Darwin experienced smaller decreases of 2.0% and 3.7% respectively.
National year-on-year listings reveal a decrease of 10.0% with significant decreases in Darwin (26.9%) and Hobart (21.4%), however Sydney recorded a minor 1.2% increase.
Melbourne’s decrease was smaller at 1.8%. All other capital cities recorded declines over the 12 months.
Stock on Market Table:
City |
August 2019 |
July 2020 |
August 2020 |
Monthly change % |
Yearly change % |
Sydney |
30,512 |
32,165 |
30,888 |
-4.0% |
1.2% |
Melbourne |
36,962 |
41,819 |
36,305 |
-13.2% |
-1.8% |
Brisbane |
32,059 |
30,500 |
28,955 |
-5.1% |
-9.7% |
Perth |
25,180 |
22,525 |
22,066 |
-2.0% |
-12.4% |
Adelaide |
16,372 |
15,108 |
14,229 |
-5.8% |
-13.1% |
Canberra |
4,399 |
4,166 |
3,902 |
-6.3% |
-11.3% |
Darwin |
2,033 |
1,544 |
1,487 |
-3.7% |
-26.9% |
Hobart |
2,268 |
1,966 |
1,782 |
-9.4% |
-21.4% |
National |
325,693 |
312,680 |
293,053 |
-6.3% |
-10.0% |
Commentary
Days on Market Tables:
August 2020
City |
< 30 days |
30-60 days |
60-90 days |
90-180 days |
> 180 days |
Total Listings |
Sydney |
12,775 |
4,893 |
2,759 |
4,267 |
6,194 |
30,888 |
Melbourne |
7,498 |
6,574 |
4,372 |
7,091 |
10,770 |
36,305 |
Brisbane |
7,782 |
5,128 |
3,363 |
4,894 |
7,788 |
28,955 |
Perth |
5,052 |
3,297 |
2,323 |
3,293 |
8,101 |
22,066 |
Adelaide |
4,179 |
2,025 |
1,240 |
2,202 |
4,583 |
14,229 |
Canberra |
1541 |
474 |
243 |
501 |
1,143 |
3,902 |
Darwin |
163 |
114 |
72 |
146 |
992 |
1,487 |
Hobart |
456 |
201 |
117 |
295 |
713 |
1,782 |
National |
61,038 |
35,345 |
22,406 |
42,224 |
132,040 |
293,053 |
July 2020 |
||||||
City |
< 30 days |
30-60 days |
60-90 days |
90-180 days |
> 180 days |
Total Listings |
Sydney |
13,085 |
4,688 |
2,530 |
5,735 |
6,127 |
32,165 |
Melbourne |
13,906 |
6,543 |
3,545 |
8,253 |
9,572 |
41,819 |
Brisbane |
8,193 |
5,057 |
3,079 |
6,137 |
8,034 |
30,500 |
Perth |
5,198 |
3,235 |
1,867 |
4,016 |
8,209 |
22,525 |
Adelaide |
3,998 |
2,207 |
1,352 |
2,824 |
4,727 |
15,108 |
Canberra |
1,628 |
448 |
318 |
675 |
1,097 |
4,166 |
Darwin |
166 |
100 |
64 |
175 |
1,039 |
1,544 |
Hobart |
517 |
193 |
155 |
384 |
717 |
1,966 |
National |
67,867 |
33,217 |
21,307 |
53,075 |
137,214 |
312,680 |
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 |
Asking Prices
Capital City average asking prices decreased by 0.3% for both houses and units over the month to 1st September.
Compared to a year ago, the capital city asking prices posted an increase of 6.3% for houses and remained steady for units.
Over the month, Sydney and Brisbane recorded marginal asking price decreases in both houses and units, with Sydney recording the largest decline in house asking prices of 1.2% and Melbourne recording the largest decline in unit prices of 0.8%.
However, Melbourne’s house asking price increased by 0.4%.
Adelaide was the only capital city to record increases in both unit and house asking prices – 0.2% and 0.4% respectively.
Hobart’s unit asking prices increased by 5.3% over the month but its house asking prices declined by 0.5%.
Year on year, most capital cities recorded increases in house and unit asking prices with a significant increase of 24.3% in Hobart’s unit asking price and 11.5% in house asking prices.
Darwin however, experienced declines in house and unit prices of 2.9% and 2.2% respectively.
SQM Research Weekly Asking Prices Index |
|||||
Week ending: 1 September 2020 |
Asking Price |
Change on |
Rolling month |
12 month |
|
Sydney | All Houses |
1,354.2 |
-0.4 |
-1.2% |
6.3% |
All Units |
678.8 |
0.7 |
-0.7% |
-2.4% |
|
Melbourne | All Houses |
1,027.4 |
1.5 |
0.4% |
9.5% |
All Units |
562.3 |
0.4 |
-0.8% |
4.1% |
|
Brisbane | All Houses |
641.8 |
0.1 |
-0.7% |
3.7% |
All Units |
376.3 |
0.2 |
-0.1% |
1.4% |
|
Perth | All Houses |
666.7 |
-0.1 |
-0.8% |
3.3% |
All Units |
380.3 |
0.7 |
0.0% |
-0.3% |
|
Adelaide | All Houses |
527.5 |
-0.2 |
0.4% |
2.8% |
All Units |
307.9 |
0.0 |
0.2% |
3.2% |
|
Canberra | All Houses |
803.9 |
-3.9 |
-1.0% |
-1.6% |
All Units |
453.4 |
1.3 |
1.9% |
4.3% |
|
Darwin | All Houses |
574.7 |
1.7 |
0.1% |
-2.9% |
All Units |
345.9 |
0.1 |
-0.3% |
-2.2% |
|
Hobart | All Houses |
570.7 |
1.1 |
-0.5% |
11.5% |
All Units |
392.4 |
4.9 |
5.3% |
24.3% |
|
National | All Houses |
597.4 |
-0.4 |
-1.1% |
4.2% |
All Units |
393.4 |
-1.8 |
-0.2% |
3.3% |
|
Cap City Average | All Houses |
980.5 |
0.8 |
-0.3% |
6.3% |
All Units |
564.3 |
2.6 |
-0.3% |
0.0% |

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