Total Property Listings Decreased in November

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National residential property listings decreased in November by 4.0% from 308,468 listings in October 2020 to 296,267. 

Compared to 12 months ago, listings were down by 12.6%. Australia Suburbs

All capital cities recorded decreases in property listings over the month with the exception of Melbourne which recorded an increase of 1.2% in listings.

Darwin, Sydney and Hobart posted the largest decreases of 6.7%, 6.4% and 6.1% respectively.

Brisbane recorded a 3.8% decrease, Adelaide 3.0% and Canberra 3.2%.  

Perth recorded the lowest decrease of 2.4%.

National year-on-year listings reveal a decrease of 12.6% with significant decreases in Darwin (28.2%) and Hobart (26.1%) and Adelaide (21.5%). 

Sydney recorded a smaller decrease of 0.7%.  Melbourne however, recorded a large increase of 11.5%.

Stock on Market Table:

City November 2019

Total

October 2020
Total
November 2020
Total
Monthly change % Yearly change
%
Sydney 32,101 34,061 31,880 -6.4% -0.7%
Melbourne 40,003 44,057 44,594 1.2% 11.5%
Brisbane 33,205 30,213 29,072 -3.8% -12.4%
Perth 25,781 23,203 22,651 -2.4% -12.1%
Adelaide 18,139 14,691 14,245 -3.0% -21.5%
Canberra 4,998 4,167 4,034 -3.2% -19.3%
Darwin 1,884 1,450 1,353 -6.7% -28.2%
Hobart 2,388 1,879 1,765 -6.1% -26.1%
National 338,971 308,413 296,267 -4.0% -12.6%

New Listings (30 days)

Nationally, new listings (30 days) increased by a 0.48% over the course of November with 381 more properties on the market.

Darwin’s new listings increased by a significant 27.3%.

Melbourne new listings increased by 4.1%.

Sydney was the only capital city that recorded a decline in new listings.

There was a surprise decline in total listings for the month, which was predominantly driven by a decline in old listings.

The fall in old listings tells me stock is being absorbed at a quicker rate than levels recorded earlier this year.

It is yet another signal that buyer activity is on the rise.

Days on Market Tables:

November 2020

City < 30 days 30-60 days 60-90 days 90-180 days > 180 days Total Listings
Sydney 14,350 4,578 2,959 4,200 5,793 31,880
Melbourne 19,417 7,189 1,277 6,280 10,431 44,594
Brisbane 8,477 5,445 3,433 4,825 6,892 29,072
Perth 5,948 3,910 2,613 3,982 6,198 22,651
Adelaide 4,921 2,425 1,405 2,040 3,454 14,245
Canberra 1,962 566 269 365 872 4,034
Darwin 224 97 74 159 799 1,353
Hobart 659 217 122 166 601 1,765
National 80,051 39,110 23,373 40,390 113,343 296,267

 

October 2020
City < 30 days 30-60 days 60-90 days 90-180 days > 180 days Total Listings
Sydney 14,920 5,403 3,052 4,327 6,359 34,061
Melbourne 18,610 2,176 2,510 8,928 11,833 44,057
Brisbane 8,194 5,499 3,887 5,004 7,629 30,213
Perth 5,841 3,729 2,606 3,855 7,172 23,203
Adelaide 4,819 2,451 1,457 1,898 4,066 14,691
Canberra 1,939 564 225 393 1,046 4,167
Darwin 163 115 91 171 910 1,450
Hobart 655 212 125 222 665 1,879
National 79,639 36,458 24,040 43,152 125,124 308,413

 

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

Asking Prices

Capital City Average asking prices decreased 0.1% for houses but increased 0.3% for units over the month to 1st December.

Average asking prices are now $565,800 for units and $988,500 for houses.  Buy Home In Australia

Compared to a year ago, the capital city asking prices posted an increase of 4.2% for houses but declined by 1.2% for units.

Over the month, Adelaide, Canberra and Darwin were the only capital cities to record asking price increases in both houses and units.

Sydney continues to record a decline in unit asking prices of 0.3% but recorded an increase of 1.6% for houses over the month.

Melbourne posted increases in unit asking prices of 1.4% but a 1.1% decline in house asking prices.

Perth and Hobart recorded declines in both house and unit prices over the month, 1.2% and 0.1% respectively for Perth, and Hobart declined 0.9% for houses and 1.4% for units.

Year on year, most capital cities recorded increases in house and unit asking prices with a significant increase of 19.2% in Hobart’s unit asking price. Darwin’s unit prices also increased by 13.4%.

Sydney’s unit prices declined 5.2% over the 12 months but house prices increased 5.5%.

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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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