Listing Rise In Time For Spring

Property listings rose by 5.2% over August, giving buyers more to choose from in spring.

But despite the rise, SQM Research figures show listings remain 4.2% lower than at the same time last year.

Listings are up the most in Melbourne, 11.5% over August, and Sydney, 9.8%.

SQM Research Managing Director Louis Christopher says listing in August rose in all but one capital city – Hobart, which is down by -3%.

Over the past 12 months, Darwin listings are down by 36.9% and Brisbane is down 11.6%. Hobart dropped 5.5% and Melbourne 4.8%.

Perth listings are up 9.2%, while the ACT is up 2.9% and  Adelaide is up 2.1%.

Christopher says overall, the market is showing signs of life, but it’s uneven.

“We’re not in boom territory, and vendors need to be realistic. Buyers are still discerning, and overpriced stock is sitting. The spring season will be a litmus test for sentiment and price elasticity.”