The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Urban Leader Awards Logos RGB White
NOMINATIONS CLOSE SEPTEMBER 12 RECOGNISING THE INDIVIDUALS BEHIND THE PROJECTS
NOMINATIONS CLOSING SEPTEMBER 12 URBAN LEADER AWARDS
LEARN MOREDETAILS
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
MarketsLindsay SaundersThu 12 Sep 24

Sydney, Melbourne, Canberra Listings at Decade High

Three cities last month recorded the highest number of new listings they have had in more than a decade.

National new listings rose for the fourth time in the past five months, with Sydney, Melbourne and Canberra recording the most new listings in over a decade, according to the PropTrack Listings Report for August.

Australia-wide, new listings were 6.6 per cent higher over the month, but down a slight 0.7 per cent year-on-year, the first month since March 2024 that new listings nationally have not been greater than they were a year earlier.

However, August marked the 14th straight month in which new listings were higher year-on-year in Sydney and the fifth month in a row they were higher annually in Melbourne and Brisbane.

Capital city new listing volumes were 1.6 per cent higher year-on-year and were the highest they have been in an August since 2012.

Across the combined regional markets, new listings declined 4.7 per cent year-on-year.

Sydney, Melbourne, and Canberra recorded the greatest annual increases in new listings and total listings of the capital cities.

These markets recorded their highest number of new listings for an August since 2012, 2011 and 2004 respectively.

Proptrack listings August 2024

null
▲ Source: PropTrack

Total listings nationally were 1 per cent higher over the month and 4.5 per cent higher year-on-year.

Total listings have been higher year-on-year for 11 straight months.

PropTrack director of economic Research Cameron Kusher said the ongoing strong new listings environment has resulted in more choice for buyers.

“While the strong volume of new listings and total properties for sale is an indicator of seller confidence, it remains a key contributor to slowing home price growth,” he said.

ResidentialAustraliaCanberraSydneyMelbourneResearch
AUTHOR
Lindsay Saunders
The Urban Developer - News Editor
More articles by this author
linkedin icon
ADVERTISEMENT
TOP STORIES
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Woolloongabba Precinct Vulture St
Exclusive

Brisbane Developer in Cross River Rail Compensation Tussle

Clare Burnett
4 Min
The Mondrian Gold Coast hotel's food and beverage is driving profits
Exclusive

Touch, Taste, Theatre: What’s Driving Mondrian’s Success

Renee McKeown
6 Min
Fortis’ display suites are designed as brand environments first, with tactile details and curated design to build buyer confidence before project specifics.
Exclusive

Relevant or Redundant: Will Tech Kill Display Suites?

Vanessa Croll
7 Min
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
7 Min
View All >
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
First projects named in a statewide plan to fast-track supply, including thousands of homes in a major growth region…
LATEST
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
3 Min
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
2 Min
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/proptrack-listings-august-2024