Listings Rise As Activity Rebounds

Property markets in major cities are gathering
momentum with buyer activity and listings rising,
after strong price gains in recent months. SQM
Research figures show listings across all capital
cities rebounded in January.

SQM Research managing director Louis Christopher
says: “We saw a real surge in new listings in January,
one of the stronger increases in supply of homes for
sale that we’ve seen for a number of years.”

In Hobart, listings increased 5% compared to
December as sellers moved to take advantage of the
price growth recorded in recent years.

New stock in Sydney also rose 5%; Perth’s listings
were up 3.2%; Brisbane listings climbed 3%;
Melbourne stock levels were 2.7% higher; and
Adelaide’s rose 2.6%.

But listings remained lower year-on-year in all
capital cities, led by Sydney and Darwin, which were
both down 25%.

Christopher says there are early signs that listings
will rise further in the next few weeks as the summer
selling season ramps up.