The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FULL PROGRAM RELEASED FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FULL PROGRAM RELEASED FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
VIEW FULL AGENDADETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OtherStaff WriterTue 01 Mar 16

National Property Listings On The Rise

P

National residential property listings climbed during the month of February, mostly driven by strong growth in Sydney, according to SQM Research.

The number of listed properties rose to 354,633 in February 2016, increasing 3.4 per cent from January 2016. The rise was predominately driven by a 15.1 per cent surge in Sydney listings. Residential property listings rose in most capital cities during the month of February, excluding Hobart which experienced a slight fall of 0.7 per cent.

Year-on-year results indicate that residential property listings are up for most capital cities. Notably, property listings in Sydney and Darwin are considerably higher than this time last year (February 2015). Sydney experienced a yearly rise of 18 per cent, with residential property listings climbing from 21,769 to 25,698. Darwin also experienced excessive yearly growth with sale listings up 12 per cent based on a total 2,050 listings.

These figures indicate that the number of property sellers in both residential markets has increased when adjusting for seasonality.

In contrast, year-on-year results indicate that once again Hobart and Melbourne are recording considerable yearly falls. Hobart recorded the biggest yearly change, with sale listings falling by 6.8 per cent, reducing the number of properties for sale to 3,897. Melbourne also recorded yearly falls with records indicating a yearly change of 5.6 per cent.

SQM Research stated that listings normally increase at the beginning of the year, as the "market opens up from the summer hiatus".

However, SQM Research revealed that the rise from Sydney was "well above normal seasonality and well above levels recorded this time last year".

"This is evidence of a slower Sydney market where it is taking longer to sell," SQM Research stated. "On the other hand, recording a decline at this time of year, as what has happened with Hobart, is also abnormal and is suggestive of a strong market made up of many buyers and fewer sellers."

Residentialdo not useAustraliaSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Freecity’s $300m PBSA to Prove Worth of Modular at Scale

Leon Della Bosca
7 Min
Exclusive

Billbergia’s John Kinsella: Whiskey, Fun and a Fear of Heights

Vanessa Croll
8 Min
Exclusive

Paperwork to Plate: The Rise of Brisbane’s Midtown

Taryn Paris
6 Min
Wel Co's Thornhill Park, 40km west of the Melbourne CBD.
Exclusive

Waiting for Victoria: Why Wel.Co says State Planning isn’t Working

Marisa Wikramanayake
6 Min
Woods Bagot Principal Alex Hall and Penny Place Adelaide
Exclusive

Amplified Affordability: Woods Bagot Cracks Housing Cost Code

Leon Della Bosca
8 Min
View All >
Sponsored

Beyond Bricks and Mortar: Creating Connected Communities with Technology

Partner Content
Wesley Mission Uniting Church Affordable Housing Scheme Curtin ACT
Build-to-Rent

Wesley Mission Plots $46.5m ACT Housing Precinct

Leon Della Bosca
Surfers Paradise Jinding Revised DA hero
Development

Tide of Tower Tweaks to Stack Up Gold Coast Projects

Phil Bartsch
Surfers Paradise, Palm Beach … myriad revised plans are being filed to counter prevailing challenges and ensure plans st…
LATEST
Technology

Beyond Bricks and Mortar: Creating Connected Communities with Technology

Partner Content
3 Min
Wesley Mission Uniting Church Affordable Housing Scheme Curtin ACT
Build-to-Rent

Wesley Mission Plots $46.5m ACT Housing Precinct

Leon Della Bosca
3 Min
Surfers Paradise Jinding Revised DA hero
Development

Tide of Tower Tweaks to Stack Up Gold Coast Projects

Phil Bartsch
4 Min
Exclusive

Freecity’s $300m PBSA to Prove Worth of Modular at Scale

Leon Della Bosca
7 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/national-property-listings-on-the-rise