New Listing Lift
New listings rose in every capital city market in January, despite remaining below the levels of a year ago.
The latest REA Group Listing Report shows that new listings are down 8% year on year but the good news is that many locations have increased new listings (properties listed for the first time) in the past month.
During January, new listings rose in every capital city market with Sydney well out front with a 169% increase. Darwin’s new listings rose by 114% and Adelaide by 109%.
Results were a little mixed in regional areas with the largest increase in new listings 39% in Regional Queensland, followed by Regional Northern Territory, 16% and Regional Tasmania, 14%.
Regional Victoria, South Australia and Western Australia all had drops in new listings in January.
Year on year, new listings are lower in almost every capital city and regional market with Canberra the exception with its new listings up 5.3%.













