Listings activity
Ray White's listing authority data, which carries particular significance given the company's market-leading position, provides crucial forward-looking insights into market supply. The latest 28-day rolling sum indicates a seasonal decline in authorities, marking the onset of the traditional Christmas slowdown. While this downturn follows established yearly patterns, it's noteworthy that 2024's figures maintain a slight edge over previous years.
The November decline in authorities has manifested across all states, though South Australia and Northern Territory have demonstrated the most resilience, showing minimal decreases. Queensland has emerged as the strongest performer among the eastern states, while New South Wales, ACT, Victoria, and Tasmania have each recorded substantial declines exceeding 23 per cent. Western Australia has seen authorities decrease by nearly 20 per cent.
This widespread reduction in listing authorities aligns with typical summer patterns and suggests a natural pause in market activity over the coming months. This seasonal lull appears well-timed following an active 2024, providing an opportunity for market participants to reset. The prospect of improved financing conditions in 2025 adds a layer of optimism, suggesting buyers may benefit from this temporary market respite to reassess their positions for the new year.
Ray White's listing authority data, which carries particular significance given the company's market-leading position, provides crucial forward-looking insights into market supply. The latest 28-day rolling sum indicates a seasonal decline in authorities, marking the onset of the traditional Christmas slowdown. While this downturn follows established yearly patterns, it's noteworthy that 2024's figures maintain a slight edge over previous years.
The November decline in authorities has manifested across all states, though South Australia and Northern Territory have demonstrated the most resilience, showing minimal decreases. Queensland has emerged as the strongest performer among the eastern states, while New South Wales, ACT, Victoria, and Tasmania have each recorded substantial declines exceeding 23 per cent. Western Australia has seen authorities decrease by nearly 20 per cent.
This widespread reduction in listing authorities aligns with typical summer patterns and suggests a natural pause in market activity over the coming months. This seasonal lull appears well-timed following an active 2024, providing an opportunity for market participants to reset. The prospect of improved financing conditions in 2025 adds a layer of optimism, suggesting buyers may benefit from this temporary market respite to reassess their positions for the new year.
The property market has experienced a notable revival in listing activity during the recent quarter, with October's preliminary figures revealing a substantial increase to nearly 55,000 listings. This marks a significant shift from the cautious winter period, when inflationary concerns had prompted both buyers and sellers to adopt a more conservative stance toward property decisions.
Recent momentum has surpassed previous years' levels, buoyed by encouraging economic indicators that point to potential interest rate adjustments in the new year. This improved outlook has helped reinvigorate market participation from both buyers and sellers who had previously remained on the sidelines.
Property owners who had been hesitant to list their homes are now showing increased readiness to enter the market. This anticipated expansion in available properties could fundamentally alter market dynamics, presenting enhanced opportunities for prospective buyers who have been awaiting more favourable conditions.
As we look toward 2025, the market appears poised for increased activity. The combination of improving economic conditions, potential interest rate relief, and growing seller confidence suggests a more vibrant and dynamic property landscape in the months ahead.
As the property market enters its traditional pre-Christmas slowdown, listing volumes across Australia's major cities have shown a notable decline. While the aggregate annual growth remains positive at two per cent, November recorded a significant monthly decrease of 18.2 per cent in major city listings.
Melbourne has emerged as the market leader in listing volumes, surpassing Sydney with 8,971 properties available, though this represents a 4.8 per cent decline compared to the previous year. This shift in market dynamics provides an interesting insight into the changing patterns of vendor confidence across major metropolitan areas.
Perth continues to demonstrate resilience in the face of seasonal trends. Despite a monthly decline in listings, the market has maintained the strongest annual growth at 10.2 per cent, driven by homeowners looking to capitalise on continued positive capital appreciation. Meanwhile, Brisbane's market reflects growing vendor caution, with listings falling 13 per cent over the month, though still maintaining a modest 2.9 per cent annual increase.
As the year draws to a close, each region is responding distinctively to local market conditions, price movements, and broader economic factors, creating contrasting market performance across the country.
As the property market enters its traditional pre-Christmas slowdown, listing volumes across Australia's major cities have shown a notable decline. While the aggregate annual growth remains positive at two per cent, November recorded a significant monthly decrease of 18.2 per cent in major city listings.
Melbourne has emerged as the market leader in listing volumes, surpassing Sydney with 8,971 properties available, though this represents a 4.8 per cent decline compared to the previous year. This shift in market dynamics provides an interesting insight into the changing patterns of vendor confidence across major metropolitan areas.
Perth continues to demonstrate resilience in the face of seasonal trends. Despite a monthly decline in listings, the market has maintained the strongest annual growth at 10.2 per cent, driven by homeowners looking to capitalise on continued positive capital appreciation. Meanwhile, Brisbane's market reflects growing vendor caution, with listings falling 13 per cent over the month, though still maintaining a modest 2.9 per cent annual increase.
As the year draws to a close, each region is responding distinctively to local market conditions, price movements, and broader economic factors, creating contrasting market performance across the country.
Regional property markets are displaying varying dynamics as the year draws to a close, with notable divergences across different states. The Northern Territory's regional market stands out with remarkable growth, posting a 7.3 per cent monthly increase and an exceptional 28.3 per cent annual rise, albeit from a relatively modest base.
Tasmania has maintained positive momentum in listing volumes, achieving a limited 0.9 per cent year-on-year improvement. South Australia's regional market has bucked the broader downward trend, recording a 2.1 per cent monthly increase in listings. Meanwhile, regional Western Australia has experienced a cooling in listing activity despite strong price appreciation throughout 2024, showing only minimal annual growth.
Regional Victoria has experienced an unexpected deceleration following several months of robust activity, with listings declining 16.9 per cent this month, pushing annual figures into negative territory. While Regional New South Wales maintains its position as the market with the highest absolute listing volumes, it too has seen a softening, with listings down 4.9 per cent compared to the previous year.
The approach of summer has traditionally impacted Queensland's regional market, and this year is no exception. November recorded a 14.1 per cent decline in listings, though volume remains substantial at 4,552 properties. This seasonal pattern typically persists until cooler weather returns in 2025.