Property listings jump in August

By |

More residential properties went up for sale in August, with listings increasing by 2.9% month over month, figures from SQM Research show.

National residential property listings increased to 325,693 from 316,391 in July. However, listings were down by 2.1% on a yearly basis.

All states witnessed monthly growth in listings, with Melbourne recording the biggest improvement at 6.7%. The Victorian capital also posted the highest number of property listings for the month at 37,671.

On a yearly basis, Sydney registered the most substantial decline at 15.3%. The impact of this slump was mitigated by the robust gains recorded in Canberra and Hobart.

The table indicates how much listings in each state grew in August:

Asking prices tick up for houses
Asking prices for houses across capital cities increased marginally by 1% over the month to $928,800. Unit asking prices, however, were down by 1% to $560,500.

Melbourne’s house and unit asking prices both increased by 0.1% and 0.4% over the month, respectively.  Hobart also recorded growth in its house and unit prices by 0.5% and 4.2%.
Compared to a year ago, the capital city asking prices posted declines of 1.5% for houses and declines of 2.3% for units.

The table below shows the changes to asking prices in each state:

Top Suburbs : ropes crossing , tweed heads south , emerald , murdoch , mt gravatt

SHARE

Get help with your investment property



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 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 an appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here