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Tuesday 3 April 2018

Sydney listings up, up, up

Sydney stock up

Sydney listings have finally risen from depressed levels seen over recent years.

Sydney now has 34,901 listings, well up from 28,336 a year earlier, according to SQM Research.

Sydney's listings are up by 23.2 per cent year-on-year.

Hobart saw a seasonal +7.8 per cent increase in listings in March, but at just 2.479 listings are still way lower than a year ago.

Nationally listings were -3.8 per cent lower than a year earlier at 338,113, in part thanks to annual declines in Melbourne, Perth, and Darwin. 

Asking prices for houses in Melbourne have soared and are now over $1 million, while in Sydney they were +2.3 per cent higher over the year at $1.37 million. 

Asking prices for units were higher year-on-year in both Sydney (+6.2 per cent) and Melbourne (+14.3 per cent).

Find SQM's media release here