PropTrack reports a surge in Australian property listings
When it comes to regions outside of capital cities, Tasmania took the lead with a remarkable 26.1% surge in annual property listings. This was closely followed by Western Australia with an increase of 12.7% and New South Wales, experiencing 8.2% growth.
Across the whole of Australia, total property listings saw an increase of 1.6% month-on-month, and 8.3% on a year-to-year basis. This represents the most substantial annual rise since August 2022.
Major Cities See Substantial Increases in Property Listings
Canberra, with a 33.7% increase, Melbourne at 21.7%, and Sydney with 17.4%, registered the most notable surges in total property listings over the previous year among the capital cities. On the other hand, Perth reported a decrease of 20.2%, Adelaide declined by 6.9%, and Darwin saw a 2.4% reduction, making them the only capital cities to record a drop.
Buyers Enjoy More Choices with Rise in New Listings
According to Cameron Kusher, the director of economic research at PropTrack, buyers have had more options for four straight months as new listings continued to rise in July. “New listings in Sydney and Melbourne have largely been on an upward trend each month for the previous year, relative to the same period the previous year. In contrast, other significant capital cities have only reported an annual increase in the past four months.”
As the property market continues to evolve, these trends in property listings provide an essential insight into the health and direction of the real estate landscape in Australia.
The increase in listings not only points to a more active market but also offers buyers more choices, reinforcing the importance of staying updated with the latest trends in the Australian property market. This data indicates a robust and vibrant property market, with regional Tasmania and the capital cities of Canberra, Melbourne, and Sydney leading the charge.
However, the decline in listings in Perth, Adelaide, and Darwin also signals shifts in the market in these areas. Understanding these trends is vital for both buyers and sellers to make informed decisions in the property market.
As we move forward, it will be interesting to monitor these trends and see how the Australian property market continues to evolve and grow.
PropTrack reports a surge in Australian property listings
PropTrack reports a surge in Australian property listings
When it comes to regions outside of capital cities, Tasmania took the lead with a remarkable 26.1% surge in annual property listings. This was closely followed by Western Australia with an increase of 12.7% and New South Wales, experiencing 8.2% growth.
Across the whole of Australia, total property listings saw an increase of 1.6% month-on-month, and 8.3% on a year-to-year basis. This represents the most substantial annual rise since August 2022.
Major Cities See Substantial Increases in Property Listings
Canberra, with a 33.7% increase, Melbourne at 21.7%, and Sydney with 17.4%, registered the most notable surges in total property listings over the previous year among the capital cities. On the other hand, Perth reported a decrease of 20.2%, Adelaide declined by 6.9%, and Darwin saw a 2.4% reduction, making them the only capital cities to record a drop.
Buyers Enjoy More Choices with Rise in New Listings
According to Cameron Kusher, the director of economic research at PropTrack, buyers have had more options for four straight months as new listings continued to rise in July. “New listings in Sydney and Melbourne have largely been on an upward trend each month for the previous year, relative to the same period the previous year. In contrast, other significant capital cities have only reported an annual increase in the past four months.”
As the property market continues to evolve, these trends in property listings provide an essential insight into the health and direction of the real estate landscape in Australia.
The increase in listings not only points to a more active market but also offers buyers more choices, reinforcing the importance of staying updated with the latest trends in the Australian property market. This data indicates a robust and vibrant property market, with regional Tasmania and the capital cities of Canberra, Melbourne, and Sydney leading the charge.
However, the decline in listings in Perth, Adelaide, and Darwin also signals shifts in the market in these areas. Understanding these trends is vital for both buyers and sellers to make informed decisions in the property market.
As we move forward, it will be interesting to monitor these trends and see how the Australian property market continues to evolve and grow.
Source link
Comments
More posts