Ensure you never miss an issue of the
real estate business bulletin
Property listings at all time high

Property listings at all time high

by Reporter 0 comments

Staff Reporter
The number of properties listed for sale in Australia recently hit an all time high, new research has found.

According to RP Data findings, total advertised listings are now 24.2 per cent higher than they were at the same time last year. Within capital cities, listings are 29.1 per cent higher than last year.

But despite the positive news, research analyst Cameron Kusher said there is clear disconnect between the number of properties being brought to the market and the activity amongst buyers, with recent data showing sales volumes were 20 per cent below 10-year average levels during 2010.

In addition, FHB finance commitments currently account for just 15.2 per cent of the owner occupier market are also at their lowest levels since July 2004. The total value of investor finance commitments is at its lowest level since March 2009 and is down -8.3 per cent for the year.

“These two findings are the major contributing factors to the elevated level of listings, evidence suggests that many vendors have brought their property to the market hoping to sell and upgrade.

"The issue is there is not enough active FHB or investors in the market currently to allow them to sell their property,” Mr Kusher said.

le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
Property listings at all time high
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
The difference between an average agent and one who dominates

McGrath Crows Nest’s Peter Chauncy is number 10 in this year’s REB Top 100 Agents ranking. Peter, however, is more likely not surprised ...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?