Stock levels continue to climb

Stock levels continue to climb

09 April 2013 by Staff Reporter 0 comments

Staff Reporter

Stock on market levels increased nationally in March, climbing 3.8 per cent, according to SQM Research.

SQM managing director Louis Christopher said the market remains in a ‘recovery mode’ despite year-on-year stock levels falling by 2.1 per cent.

“It is our opinion that differing from the recovery witnessed in 2009, the upturn in the Australian property market being experienced at present is a much slower, more normal cyclical uplift,” he said.

“Without the stimulus of a first home buyers grant this recovery is based fundamentally on interest rates cuts spread over a longer period of time and an economy recording moderate growth rates.”

Sydney recorded the largest rise in listings, rising by 7.6 per cent or 1,966 properties. However, listings are down by 15.7 per cent in Sydney compared to March 2012.

All other cities recorded monthly gains in the range of two to six per cent.

Staff Reporter

Stock on market levels increased nationally in March, climbing 3.8 per cent, according to SQM Research.

SQM managing director Louis Christopher said the market remains in a ‘recovery mode’ despite year-on-year stock levels falling by 2.1 per cent.

“It is our opinion that differing from the recovery witnessed in 2009, the upturn in the Australian property market being experienced at present is a much slower, more normal cyclical uplift,” he said.

“Without the stimulus of a first home buyers grant this recovery is based fundamentally on interest rates cuts spread over a longer period of time and an economy recording moderate growth rates.”

Sydney recorded the largest rise in listings, rising by 7.6 per cent or 1,966 properties. However, listings are down by 15.7 per cent in Sydney compared to March 2012.

All other cities recorded monthly gains in the range of two to six per cent.

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2016

With a combined sales volume of $13 billion in 2016, 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
William Phillips on how agents can expand their database and grow their business

Get up close and personal with the best real estate sales agents in Australia in Secrets of the Top 100 Agents. ...

View all podcasts

Are dodgy agents being punished enough?

Yes (8.6%)
No (55%)
Only in some states (2.3%)
Not all dodgy agents are being found out (34.1%)

Total votes: 220
The voting for this poll has ended on: April 15, 2017
upcoming events
REB Awards
Sydney The Event Centre 12 Sep
REB Awards
Sydney The Event Centre 12 Sep
Melbourne The Event Centre 14 Oct
Brisbane The Event Centre 18 Dec
View all events
Do you have an industry update?