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

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
Exclusive

Fortis Reveals Plans for Coveted Bowen Terrace Site

Taryn Paris
4 Min
Exclusive

Accor Deputy Delivers Verdict on Brisbane Games Hotel Shortfall

Phil Bartsch
6 Min
Qld Budget 2025-26 Brisbane City
Exclusive

Billions Promised, Now Deliver: Industry’s Qld Budget Verdict

Vanessa Croll
6 Min
View All >
Industrial

Cadence Nabs Logistics Portfolio for $170.5m

Taryn Paris
Charter Hall’s $925m Hyde Park skyscraper
Planning

Charter Hall $925m Sydney Skyscraper Wins City Backing

Vanessa Croll
A rendering of the proposed retail, office and accommodation building along Gawler's main street. Source: John Byleveld Architects
Development

SA Developer Taps into Gawler Accommodation Demand

Leon Della Bosca
As interest in the SA capital’s north continues to grow, plans have been revealed to help reinvigorate a historic main s…
LATEST
Industrial

Cadence Nabs Logistics Portfolio for $170.5m

Taryn Paris
3 Min
Charter Hall’s $925m Hyde Park skyscraper
Planning

Charter Hall $925m Sydney Skyscraper Wins City Backing

Vanessa Croll
3 Min
A rendering of the proposed retail, office and accommodation building along Gawler's main street. Source: John Byleveld Architects
Development

SA Developer Taps into Gawler Accommodation Demand

Leon Della Bosca
3 Min
A rendering of the three-storey apartment project Arca by Red & Co at Stafford near Brisbane.
Residential

‘Confident’ Red & Co Starts Work on Stafford Apartments

Marisa Wikramanayake
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/national-property-listings-on-the-rise