Listings activity
At Ray White, we gauge upcoming listings through listing authorities - the point when a vendor signs an agent to sell their home. With our 15 per cent market share, this provides valuable market insights. Good news for buyers: nationally, our 28-day rolling sum of listing authorities is at an all-time high. All states show strong volumes, with Victoria | Tasmania leading, followed by South Australia | Northern Territory. New South Wales | ACT shows the smallest increase since last year.
Various factors drive this trend. Strong price growth in Perth, Adelaide, and south-east Queensland motivates sellers. In Melbourne, new investor taxes make rental properties less attractive. Hobart’s falling prices due to low population growth may also encourage listings.
This surge in listing authorities suggests a vibrant spring selling season ahead. Buyers can expect more options and potentially less competition per property. However, the impact on prices remains to be seen, as increased supply meets pent-up demand in many areas.
At Ray White, we gauge upcoming listings through listing authorities - the point when a vendor signs an agent to sell their home. With our 15 per cent market share, this provides valuable market insights. Good news for buyers: nationally, our 28-day rolling sum of listing authorities is at an all-time high. All states show strong volumes, with Victoria | Tasmania leading, followed by South Australia | Northern Territory. New South Wales | ACT shows the smallest increase since last year.
Various factors drive this trend. Strong price growth in Perth, Adelaide, and south-east Queensland motivates sellers. In Melbourne, new investor taxes make rental properties less attractive. Hobart’s falling prices due to low population growth may also encourage listings.
This surge in listing authorities suggests a vibrant spring selling season ahead. Buyers can expect more options and potentially less competition per property. However, the impact on prices remains to be seen, as increased supply meets pent-up demand in many areas.
The property market appears to be emerging from a prolonged ‘holding pattern’, with preliminary data from July and August indicating a modest uptick in listing levels after a subdued June winter selling period. This shift suggests a turning point in market sentiment, moving away from the recent period of caution driven by inflation concerns and interest rate uncertainties. The growing optimism surrounding potential interest rate reductions later in 2024 is expected to catalyse a more active spring selling season. This change in outlook is likely to encourage both buyers and sellers who have been hesitant to engage in the market.
As economic confidence builds, we anticipate a surge in listing activities, with property owners who have been reluctant to sell now preparing to enter the market. This potential increase in supply could reshape market dynamics, offering more choices to prospective buyers who have been waiting for more favourable conditions. Overall, this transition signals a possible end to the market’s holding pattern and the beginning of a more dynamic property landscape in the coming months.
This month marks a turning point in listing numbers across several capital cities, with only a one per cent overall decrease nationwide - a significant improvement compared to previous months this year. Canberra and Sydney lead the recovery, with impressive monthly increases of 36.8 per cent and 25.2 per cent respectively. While annual figures remain negative, this uptick signals a potentially more dynamic spring selling season, with Sydney listings reaching 7,895.
Brisbane shows the least annual change, down 12 per cent year-on-year, with listings totaling 3,799 after a 16.3 per cent monthly decline. Hobart, Perth, Adelaide, and Darwin continue to be the most tightly held markets, with annual listing declines ranging from 29 per cent to 46 per cent, and ongoing monthly reductions. This contrast highlights the varying market condition sentiment across Australian capital cities.
This month marks a turning point in listing numbers across several capital cities, with only a one per cent overall decrease nationwide - a significant improvement compared to previous months this year. Canberra and Sydney lead the recovery, with impressive monthly increases of 36.8 per cent and 25.2 per cent respectively. While annual figures remain negative, this uptick signals a potentially more dynamic spring selling season, with Sydney listings reaching 7,895.
Brisbane shows the least annual change, down 12 per cent year-on-year, with listings totaling 3,799 after a 16.3 per cent monthly decline. Hobart, Perth, Adelaide, and Darwin continue to be the most tightly held markets, with annual listing declines ranging from 29 per cent to 46 per cent, and ongoing monthly reductions. This contrast highlights the varying market condition sentiment across Australian capital cities.
Unlike capital cities, regional markets haven’t experienced the same level of rebound in listing numbers. All regional areas recorded declines this month, exacerbating annual reductions. Across all regions, monthly listings dropped by 13.6 per cent to 11,079, representing a 25.7 per cent annual decrease. Regional New South Wales fared best, with 3,879 listings, showing an 8.7 per cent monthly decline or 22.3 per cent year-on-year reduction.
Smaller markets exhibit greater volatility, particularly Northern Territory, Tasmania, and South Australia, all recording over 26 per cent annual declines. Regional Queensland remains one of the most tightly held areas, with only 3,114 listings, down 27.6 per cent from the previous year.
