Listings remain at high levels: RP Data

Listings remain at high levels: RP Data

by 0 comments

Staff Reporter

Total listings remain 28.6 per cent higher than a year ago, while auction rates improved slightly on a weekly basis, RP Data reported in its latest market update report today.

“During the last four weeks, the total number of properties advertised for sale nationwide increased by 1.8 per cent compared to the previous four weeks ended 26 June,” the company said. “Across the combined capital cities, new listings rose by a greater 2.4 per cent.”

RP Data reported new listings were up 7.1 per cent when compared to the same time last year.  Modest improvements were also noted modest improvements in capital city auctions last week. “Across 1,185 capital city auctions last week, RP Data recorded the weighted average clearance rate at 52.5 per cent,” it said.

“This result was an improvement on the 46.9 per cent clearance rate reported the week prior. Auction clearance rates in Melbourne improved from 52.6 per cent the previous week to 55.1 per cent last week. In Sydney, the clearance rate also improved, increasing from 51.5 per cent the previous week to 54.7 per cent last week.”

While new rental listings remain higher on a year-on-year basis, up 14.3 per cent, the number of new properties advertised for rent fell by 2.7 per cent over the last four weeks compared to the previous four weeks ending June 26. Total rental listings also remain at much higher levels than at the same time last year, up 12.8 per cent nationally, RP Data added.

Staff Reporter

Total listings remain 28.6 per cent higher than a year ago, while auction rates improved slightly on a weekly basis, RP Data reported in its latest market update report today.

“During the last four weeks, the total number of properties advertised for sale nationwide increased by 1.8 per cent compared to the previous four weeks ended 26 June,” the company said. “Across the combined capital cities, new listings rose by a greater 2.4 per cent.”

RP Data reported new listings were up 7.1 per cent when compared to the same time last year.  Modest improvements were also noted modest improvements in capital city auctions last week. “Across 1,185 capital city auctions last week, RP Data recorded the weighted average clearance rate at 52.5 per cent,” it said.

“This result was an improvement on the 46.9 per cent clearance rate reported the week prior. Auction clearance rates in Melbourne improved from 52.6 per cent the previous week to 55.1 per cent last week. In Sydney, the clearance rate also improved, increasing from 51.5 per cent the previous week to 54.7 per cent last week.”

While new rental listings remain higher on a year-on-year basis, up 14.3 per cent, the number of new properties advertised for rent fell by 2.7 per cent over the last four weeks compared to the previous four weeks ending June 26. Total rental listings also remain at much higher levels than at the same time last year, up 12.8 per cent nationally, RP Data added.

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

With a combined sales volume of over $14 billion in 2017, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
Marnie Seinor on structure, database DNA and connecting with her local community

There’s no such thing as an “off switch” in real estate – so says McGrath agent Marnie Seinor, who came in at number 78 in this year...

View all podcasts

Does the benefit of being part of a branded group outweigh the cost?

Yes
No
Depends on the group
Do you have an industry update?