Stock being added to the market is gaining further momentum across the capital cities while total listings remain lower than one year ago

The number of new property listings added for sale over the four weeks to July 26 is substantially higher than what was observed last month with 26,577 residential properties added to the market over the four week period compared to a lower 24,981 four weeks ago (+6.4 per cent higher). At the same time last year, the number of residential properties added to the market was 23,250, representing a 14.3 per cent increase in new listings on a year over year basis.

Despite a higher number of new listings, across the combined capital cities the total number of properties being advertised for sale is currently -1.7 per cent lower than last year, with Perth, Darwin (+22.1 per cent and +22.6 per cent respectively) and, to a lesser extent, Brisbane (+0.2 per cent) the only cities where total listings are currently higher than one year ago.

201507 Table

201507 Combined capitals

Factoring in the non-capital city regions of Australia, and looking at the country as a whole, it can be seen that new listings are currently -1.3 per cent lower than they were last month, but are up 11.7 per cent when compared to the same four week period last year. In terms of total stock levels, the number of residential properties available for sale Australia-wide is -1.8 per cent lower than one year ago, however Northern Territory (+21.9 per cent), Western Australia (+11.5 per cent), South Australia (+3.6 per cent) and Queensland (+0.7 per cent) are all recording total available stock levels higher than they were one year ago. Of these four areas, South Australia is the only region where the associated capital city (Adelaide, -1.4 per cent) is not showing total listings higher than one year ago.

201507 National

About Shana Miller

Shana joined CoreLogic RP Data in 2007, heading up CoreLogic RP Data’s 'agents advice' team which is responsible for collecting sales data directly from industry participants. Having gained a solid background in data collection, storage and reporting, Shana joined CoreLogic RP Data’s research team as an analyst in 2011. Shana's day to day activities include compiling CoreLogic RP Data’s regular analysis such as auction and private treaty metrics as well as reporting on housing markets at a local through to national level. Shana has now joined the CoreLogic RP Data commentating team to deliver weekly blog updates on housing market activity across the country.

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