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Tuesday 4 January 2022

Listings fell back in December

Listings decline

Listings dropped from 233,716 to 218,415 for a decline of -6.5 per cent in December, according to SQM Research.

The decline was led by sharp falls in Sydney, Melbourne, and Canberra, and listings were some -20 per cent lower than a year earlier (when there were 272,999 listings). 

Brisbane listings were -34 per cent lower than a year earlier, and there were also sharp declines in Adelaide (-28 per cent), Canberra (-25 per cent), and chronically tight Hobart (-24 per cent).

Darwin was the only capital city to see listings rise significantly over the year. 

According to Louis Christopher from SQM Research, overall there remained a shortage of listings at the national level in December, and as a result asking prices increased over the month. 

Separately, CoreLogic found listings to be -25 per cent below their 5-year average. 

Source: CoreLogic

Over the calendar year, CoreLogic reported dwelling prices up 22 per cent, but with the rate of growth generally slowing in the capital cities towards the end of the year. 

Source: CoreLogic

Older stock is clearing

New listings fell -47 per cent in Sydney in December as vendors pulled up the ladder.

And aged listings over 180 days fell in half from a year earlier, in a sign that old stock is still clearing. 

Overall, there was no real sign of panic selling in the latter stages of the year.

On the contrary, quite an optimistic outlook beckons for property in 2022. 


You can find SQM's detailed release here