Australia’s real estate agents had more time on their hands last month, with new research showing all capital cities experienced a drop in residential listings during August.
Figures from SQM Research show that nationally the number of listed properties in Australia fell to 333,923 in August, down 4.3% on July’s figures and 3.9% from the same time last year.
Louis Christopher, head of SQM Research said the monthly drop in listing was not a huge surprise given a higher than usual surge of listings during June.
According to the SQM figures, Brisbane had the largest decrease in listing over August, with a fall of 6.4%, followed by Perth
and Hobart with identical decreases of 6.2%.
Melbourne and Adelaide
experienced the next biggest decreases, with listings falling in each city by 4.6% and 4.3% respectively.
Canberra (3.9%), Sydney (2.7%) and Darwin
(2.4%) all experienced decreases below the national average rate for August.
While the monthly fall in listings was relatively consistent over August, yearly figures paint a different story over the past 12 months.
Over the past year, Darwin and Perth have been the two major outliers, with the two cities seeing listing increase by 21.1% and 10%.
Adelaide is the only other city where listings have risen over the past 12 months, up 2.2%.
The largest decreases over the year were in Melbourne (20%) and Hobart (12.6%).
Sydney recorded a yearly decrease of 3.8%.
Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker
Top Suburbs :
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out