Pick up in new listings for the start of spring
• National residential property listings fell in September 2021 by 0.6% to 214,566 from
215,911 in August. Compared to 12 months ago, listings dropped 25.9%.
• Nationally, new listings (Less than 30 days) rose 11.9% over September, with 73,812
new properties added onto the market. New listings are up 18% over the year. Old
listings dropped 4.1% in September and were down by 54% over the year.
• Capital city asking house prices rose 2.2% and units 0.7% over the four weeks to 5
Figures released today by SQM Research reveal national residential property listings fell in September 2021 by 0.6% to 214,566 from 215,911 in August 2021.
The largest monthly falls in property listings in September were in Canberra and Brisbane. The demand for property in Brisbane appears to be surging with large falls in stock, making for many buyers competing with each other with only a few properties for sale. Sydney and Melbourne have recorded a rise in listings of 3.9% and 1.7% over the month, as a result of the near end of lockdowns.
Over the year, property listings are trending downwards nationwide. Compared to 12 months ago, national listings fell 25.9%, with the biggest falls in Sydney, Hobart, Adelaide, Canberra, and Brisbane. The high rate of buyer demand and lockdowns is ensuring that there was a shortage of properties for sale in the first month of spring. Going forward, we do expect a strong pick-up in October and November as what we had last year given the near end of lockdowns for Melbourne and Sydney.
Nationally, new listings (Less than 30 days) rose 11.9% over September 2021 to 73,812 properties on the market, though they rose 18% over the year. New listings dropped the most in Canberra followed by Hobart down by 15.9% and 5.8%, respectively. Over the year, new listings rose the most in Darwin followed by Sydney by 31.4% and 23.1% which is to be expected for the start of spring.