Annual sales increase for most capital cities

Annual sales increase for most capital cities

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Recently released figures have shown that annual sales activity has grown in all major capitals except Sydney, Perth and Darwin.

Onthehouse's September property market update noted that Melbourne saw the highest sales growth in houses, while Adelaide’s unit market had recorded the country’s strongest results.

Melbourne’s housing market increased sales by 15.3 per cent to 51,015 in the year ending August 2015, while the city’s unit sales rose 12.6 per cent to 39,706 over the same period.

Hobart recorded the second-highest growth in house sales with an increase of 10.7 per cent to 2,198, but units fell 3.7 per cent to 671.

In Brisbane, house sales jumped 4.8 per cent to 39,774 and unit sales rose 10.27 per cent to 19,318.

Adelaide’s house sales increased 4.5 per cent to 19,203, while unit sales rose 12.7 per cent to 5,163.

The ACT’s house sales rose 0.9 per cent to 4,744 and unit sales increased 9 per cent to 3,567.

In Sydney house sales fell 2 per cent to 46,748 and unit sales dropped 3.2 per cent 45,242, while Darwin’s house sales dropped 10.6 per cent to 1,251 and units fell 31.4 per cent to 551, and Perth house sales fell 13.3 per cent to 25,060 and units dropped 17.1 per cent to 10,913.

National house sales rose 3 per cent to 334,497 for the year and unit sales increased 2.8 per cent to 162,824.

[Related: Sales stats range from 15.3% growth to 30.4% decline]

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