Invest
Property listings continue to rise, but some cities are still suffering shortages
Invest
Property listings continue to rise, but some cities are still suffering shortages
The number of listings in Brisbane and Adelaide is significantly lower than a year ago.
Property listings continue to rise, but some cities are still suffering shortages
The number of listings in Brisbane and Adelaide is significantly lower than a year ago.
National residential property listings increased by 1.8 per cent last month, according to the latest data from SQM Research, rising from 214,498 in February to 218,398 in March.
Hobart had the strongest rise among the capital cities with a monthly gain of 4.9 per cent followed by rises of 3.5 per cent for Melbourne and 3.0 per cent for Sydney.
Increases were also recorded in Brisbane (2.8 per cent), Darwin (2.6 per cent), Adelaide (1.9 per cent), Canberra (1.7 per cent) and Perth (1.3 per cent).
“The rise in listings over March will be welcome to home buyers who largely struggled for choice last year,” said SQM Research managing director Louis Christopher.
“However we still have a shortage of stock in the market, particularly for Brisbane and Adelaide. Those two cities continue to record massive housing price rises as a result.”
The total number of listings in Brisbane was 30.2 per cent lower than March last year, while listings in Adelaide were down 24.2 per cent.
Nationally, there were 14.9 per cent fewer properties listed for sale in March 2022 compared to a year ago, with noticeable drops in Canberra (-16.7 per cent), Hobart (-14.3 per cent) and Melbourne (-8.7 per cent) in addition to Brisbane and Adelaide.
In contrast, Darwin saw a 15.2 per cent lift in listings over the year, with rises also seen in Sydney (5.5 per cent) and Perth (0.5 per cent).
Meanwhile, the total number of new listings increased by 5.7 per cent on a monthly basis to 84,237 with a rise of 0.2 per cent over the past year.
“Going forward, I expect we will shortly enter into a lackluster period of activity in the lead up to the federal election. After that point there will be a looming interest rate rise for the market to consider,” commented Mr Christopher.
SQM Research also reported that national asking prices had moved 0.6 per cent higher for houses and 0.3 per cent higher for units during the past month.
In the capital cities, asking prices increased by 0.8 per cent for houses but decreased by 0.7 per cent for units.
RELATED ARTICLES
Property
North platform adds household reporting feature to boost adviser efficiency
AMP's North platform has launched consolidated household reporting across multiple client accounts, helping financial advisers streamline their client review processes. Read more
Property
What Adds The Most Value To Properties?
Wondering how to up the value of your property? Properties are worth a lot of money in general, but there’s always a way to maximise value. The good news is that most of the things you can do to ...Read more
Property
Centuria reports strong growth in alternative real estate sectors for FY24
Centuria Capital Group has reported significant growth in alternative real estate sectors for the 2024 financial year, driving stable performance and increased guidance for FY25. Read more
Property
How to leverage equity in your home for investment or renovation
Home equity, the value of your property minus any debts owed, is a powerful financial resource many homeowners in Australia can utilize to further their financial goals. Whether you're looking to ...Read more
Property
Exploring REITs: Real estate investment without buying property
Real Estate Investment Trusts (REITs) offer a compelling investment alternative for those interested in the real estate market but may not want to endure the complexities and capital requirements of ...Read more
Property
Retirement communities: a pivotal element in meeting Australia's housing targets
The Retirement Living Council (RLC) has recommended that retirement communities should be considered a vital part in the Australian Government's initiative to fulfill the Housing Australia Future Fund ...Read more
Property
Australians adjust financial strategies amid changing property market dynamics
The 2023 calendar year saw Australian borrowers acquiring a total of $300.9 billion in new loans for property purchases, marking a 12.7% decrease from the previous year. Read more
Property
Split home loans unlocking doors for Aussie buyers
Australians are teaming up to dive into the real estate market and seize the advantages of home ownership, with the trend of split home loans surging as family and friends unite to buy properties ...Read more
Property
North platform adds household reporting feature to boost adviser efficiency
AMP's North platform has launched consolidated household reporting across multiple client accounts, helping financial advisers streamline their client review processes. Read more
Property
What Adds The Most Value To Properties?
Wondering how to up the value of your property? Properties are worth a lot of money in general, but there’s always a way to maximise value. The good news is that most of the things you can do to ...Read more
Property
Centuria reports strong growth in alternative real estate sectors for FY24
Centuria Capital Group has reported significant growth in alternative real estate sectors for the 2024 financial year, driving stable performance and increased guidance for FY25. Read more
Property
How to leverage equity in your home for investment or renovation
Home equity, the value of your property minus any debts owed, is a powerful financial resource many homeowners in Australia can utilize to further their financial goals. Whether you're looking to ...Read more
Property
Exploring REITs: Real estate investment without buying property
Real Estate Investment Trusts (REITs) offer a compelling investment alternative for those interested in the real estate market but may not want to endure the complexities and capital requirements of ...Read more
Property
Retirement communities: a pivotal element in meeting Australia's housing targets
The Retirement Living Council (RLC) has recommended that retirement communities should be considered a vital part in the Australian Government's initiative to fulfill the Housing Australia Future Fund ...Read more
Property
Australians adjust financial strategies amid changing property market dynamics
The 2023 calendar year saw Australian borrowers acquiring a total of $300.9 billion in new loans for property purchases, marking a 12.7% decrease from the previous year. Read more
Property
Split home loans unlocking doors for Aussie buyers
Australians are teaming up to dive into the real estate market and seize the advantages of home ownership, with the trend of split home loans surging as family and friends unite to buy properties ...Read more
