Powered by MOMENTUM MEDIA
realestatebusiness logo
Subscribe to our newsletter SIGN UP

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Feast for some agents, famine for others

17 June 2015 Staff Reporter

Two Australian capital cities have recorded big jumps in listings over the past year, while another two have experienced big declines.

Darwin has recorded a 36.2 per cent growth in listings in the past year, rising from 1,543 in May 2014 to 2,102 in May 2015, according to new statistics from SQM Research.

Australia’s other struggling market, Perth, experienced a 15.6 per cent jump in listings, from 22,207 to 25,680.

Adelaide listings rose 1.0 per cent, from 16,879 to 17,053, while Brisbane listings rose 0.9 per cent, from 27,955 to 28,203.

Advertisement
Advertisement

Listings declined in Australia’s four other capitals.

Canberra fell 4.9 per cent, from 3,542 to 3,388, while Hobart fell 9.1 per cent, from 4,499 to 4,091.

Sydney dropped 14.5 per cent, from 25,699 to 21,969, while Melbourne dropped 16.0 per cent, from 47,492 to 39,912.

Across Australia, listings fell 1.9 per cent, from 366,413 to 359,443.

[Related: Real estate market on alert as lending risks grow]

Feast for some agents, famine for others
default
lawyersweekly logo
FROM THE WEB
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
Do you have an industry update?
REAL ESTATE BUSINESS NEWSLETTER
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.