Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Wednesday, 6 July 2016

Listings decline in June

Listings fell across most captial cities in June according to SQM Research, as shown by the blue columns below, to be 1.5 per cent lower nationally.

This is generally to be expected in the colder winter months.

Canberra recorded the greatest monthly decline, down by 5.6 per cent, while over the past year the Hobart market has noticeably tightened with listing numbers down by 9.8 per cent.

Sydney's listings are some 30.9 per cent higher than at the peak of the frenzy in 2015.

As noted by Louis Christopher, MD of SQM Research this is essentially just a normalisation for Sydney listings - back towards its longer term averages - total Sydney listings still remain some 45 per cent below listing numbers in Melbourne (and indeed below the total number of listings in much smaller cities such as Brisbane and Perth). 

SQM's figures show median asking prices up solidly over the year in Sydney, Brisbane, Canberra, and Hobart, and up very strongly in Melbourne.