New Listings

CoreLogic have calculated there are about 145,000 properties are available for sale around the country.

It is the lowest number since 2010. 

But new listings over the past month were the highest since the peak of the market in 2017.

Confidence was rising after eight consecutive months of national price rises, according to CoreLogic’s executive head of research.

“It has surprised me that it has taken this long for new listings to get to this above-average level,” Mr Lawless told The Australian.

“But the other thing is, it happening at a time when buyer demand is also at ­really high volumes.”

The number of home sales for the first quarter of this year was 22 per cent up on last year. 

CoreLogic calculates about 145,000 properties are for sale around the country, the lowest number since 2010. 

jchancellor

Residential listings at 11 year lows: CoreLogic

<html><body>Figures released by SQM Research reveal national residential property listings fell in March 2021 by 0.5% to 256,568 from 257,952 in February 2021. 

Compared to 12 months ago, listings are down by 16.7%, SQM's Louis Chistopher calculated. 

The largest monthly decreases were in Canberra, while Melbourne, Perth and Darwin bucked the national trend and recorded rises in listings.

Nationally, new listings (30 days) (less than 30 days) rose 9.9% over the course of March to 84,030 properties on the market, to be up 10.7% over the year. 

Hobart new listings jumped the most in March, up by 14.7% though listings rose more than 10% for most cities. 

Sydney also recorded a robust rise of 9.2% in new listings as people seek to take advantage of the strong property market.

Over the year, listing rose the most in Darwin, by 58.5%.

SQM noted in a sign that absorption rates are increasing, and stock is clearing, listings over 180 days fell 5.6% for the month and are down 32.5% compared to the same time last year, with listings down in all capital cities.</body></html>

Figures released by SQM Research reveal national residential property listings fell in March  2021 by 0.5% to 256,568 from 257,952 in February 2021. 

Melbourne bucks the listings shrinkage trend

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The number of national capital city established homes newly advertised for sale over the week ending February 7 surged by 11.5% compared to the previous week's total, according to Dr Andrew Wilson, chief economist at the property platform Archistar.

The latest data shows the national total new listings over 2021 so far have are now 7 percent higher than recorded over the same period in 2020.

Melbourne saw the biggest early February jump, up by 28.% followed by Sydney 15%, Adelaide 11.5% and Brisbane up 10%.

Dr Wilson noted newly listed home numbers for Perth however fell by 36% over the week clearly reflecting the impact of its recent coronavirus lockdown.

Melbourne also reported the most newly listed established homes for sale over the past week - 12.7% higher than Sydney’s total.

“Newly advertised listing numbers can be expected to continue to surge over coming weeks and track higher than last year’s results at the same time - particularly as the autumn home auction season gathers pace,’ Dr Wilson said.

“More listings will be good news for buyers offered more choices – but they can expect to pay higher prices in a hot market,” he added.

Archistar is an Australian property platform which combines architectural design with artificial intelligence to inform decision-making in property and is used by agents, developers, architects, government planners and homeowners nationwide.

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The latest data shows the national total new listings over 2021 so far have are now 7 percent higher than recorded over the same period in 2020

Property listings starting to rise

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National residential listings declined 9.2% in December 2018 to 328,203 from 361,619 in November 2018, according to SQM Research.
It noted that the stock reduction in all cities was expected during the festive and summer break, however, the decline in Sydney, Melbourne and Canberra were larger than expected.
Residential listings were down on November in Sydney 17.7%, Melbourne 17.2% and Canberra 15.5%.
Hobart recorded the smallest monthly decline at 5.8%.
But compared to a year earlier, national listings were up 2.8%, with Sydney, Melbourne and Canberra’s year-on-year listings up the most - Melbourne up 25.4%, Canberra 19.3% and Sydney up 16.5%.
Hobart on the other hand experienced a yearly decline of 5.8%, with residential property listings dropping from 2,426 in December 2017 to 2,286 in December 2018.
Adelaide and Darwin also experienced yearly declines of sale listings at 4.1% and 2.9%, respectively.
<img src="https://www.urban.com.au/images/2019/1/8/SQM%20Table%201.JPG" alt="">
(Source: SQM Research)
Louis Christopher, managing director of SQM Research, said listings in December had some large falls however, let us keep in mind there was a surge in listings recorded in November and that December traditionally records a large fall in properties for sale as this is a holiday period.
“Our view remains in place that prices will likely fall in Sydney and Melbourne over the course of 2019.
"We note however that Melbourne house asking prices increased during the month by 0.3% as did unit asking prices in Sydney 0.7%.
"I also note that national listings are now only up 2.8% for the year, indicating that regional centres may well have outperformed the major capital cities in 2018.”
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
Asking prices were a different story as capital city asking prices rose 0.4% for units to $571,600 but declined 0.9% for houses to $924,500, for the month to 31 December 2018.
The largest monthly rise came from Canberra, where house asking prices rose 2.5%. However, Unit asking prices in Canberra declined by 1.1%.
Sydney recorded the highest increase in Unit asking prices of 0.7% but the largest decline in House asking prices of 1.6% over the month.
Year-on-year asking price gains were the strongest in Canberra for both houses and units, with house prices rising by 3.4% and Units by 7.9%.
Year-on-year prices fell in Sydney, Darwin and Perth for both houses and units.
Brisbane and Hobart recorded increases in house asking prices but unit prices declined year-on-year.
This was reversed in Adelaide and Melbourne which recorded decreases in house prices but increases in unit asking prices over the year.
<img src="https://www.urban.com.au/images/2019/1/8/SQM%20Table%202.JPG" alt="">
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December 2018 national residential listings sat higher than December 2017: SQM Research

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A warehouse – marketed as being suitable for owner-occupation, investment or development – has come onto the market in the Melbourne suburb of Cremorne. 
Located at 132-134 Dover Street, the 501 square metre site has a 23 meter street frontage.
It comprises a 473 square metre single level warehouse building, with an office component and roller shutter door access.
Zoned Commercial 2 under the City of Yarra Planning Scheme, the property is approximately two kilometres from the Melbourne CBD.
Matthew Feld and Michael Taylor, from Teska Carson, listed the property.
It will be sold by expressions of interest, closing March 19.
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Cremorne warehouse suitable for private living hits market 

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Auction volumes were down week on week across the combined capital cities, with a total of 1,185 homes scheduled for auction. The lower activity which we have historically noted over school holiday periods, returned a preliminary clearance rate of 65.1%. 
Across Australia’s two largest auction markets, the lower activity across both cities saw the clearance rate improve.
There were 439 Melbourne homes taken to auction returning a preliminary clearance rate of 64.3%, which was higher than last week’s preliminary figure of 62.7% across 645 auctions, with a final result of 61%.
In Sydney, 563 homes were auctioned this week returning a preliminary clearance rate of 68.1%, higher than last week’s 66.9% preliminary result, when a higher number of auctions were held (644). The final clearance rate last week came in at 62.9%.
<img src="https://www.urban.com.au/images/2020/7/6/CL%20JULY%207%20CC.JPG" alt="">
Over the past 12 months across the capital city markets every city has seen a decrease in total listings with Melbourne faring the best and Perth as well as Canberra being hit the hardest.
Across new listings however, both Melbourne and Sydney have seen large increases around 20% with the only other market seeing an increase being Perth.
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New listings soar across Melbourne and Sydney: CoreLogic

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A Daylesford historic home known as Gloriette has home onto the market with an asking price of $1,250,000.
Located at 7 Camp Street, the house features three bedrooms, two bathrooms, and a garage.
It is situated on 870 square metre block, on the corner of Hill Street.
Built circa. 1880, it last sold in 2010 for $520,000.
The median house price in Daylesford is $617,500.
Kim McQueen, from McQueen Real Estate, has the listing.
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