Surprise fall in listings in August

By |

A surprise fall in stock on market has sparked hopes of a housing recovery.

SQM Research has reported unexpected decline of 3.8% in stock on market since July: a total of 362,793 residential property listings nationally, a decrease of 14,522 month-on-month.

“The results for August have been surprising,” says SQM Research managing director Louis Christopher.  “We were expecting a rise in listings and instead we have had a noticeable fall.”

Hobart stood alone as the only capital city to see an increase in listings, with 2.2% (76) more stock on market - a total of 3,536 property listings. The capital city to experience the largest drop was Perth, with 20,207 listings - 7.1% (1,546) less than in July.

“This still could be a seasonal effect,” notes Christopher, “and it also could be vendors withdrawing their properties on the hope of relisting during better market conditions. Nevertheless, our base case here is that listings will rise during the spring selling season.”

The stock on market results are still significantly higher than last year, however. Nationally, property listings have risen by 69,229 since August 2010 – a year-on-year increase of 23.6%.

This increase can be seen in all capital cities, with the largest in Melbourne. A total of 44,522 listings were recorded - an increase in Melbourne’s stock by 56.8% (16,127) over the year.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Top Suburbs : chermside , ropes crossing , mt lawley , werribee , west rockhampton

go back

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 and 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