July monthly residential listings up nationally: SQM Research

July monthly residential listings up nationally: SQM Research
July monthly residential listings up nationally: SQM Research

July had the largest monthly increase in residential listings nationally since 2010, with the number of properties for sale hitting 348,903 - up 4.2% when compared to July 2014 and an increase of 3.8% from June 2015.

According to SQM Research, the largest house price rises are in Sydney and Melbourne and are the greatest since 2008.

SQM Research managing director Louis Christopher believe the results do represent an indication that the measures undertaken by APRA in slowing investor demand are now having an impact on the market.

"At this stage it is too early to call the magnitude of the impact, however it is likely that the measures (which SQM still regards as moderate) will slow the rate of dwelling price inflation recorded, rather than create a price correction," Mr Christopher said.

Listings fell in Melbourne by 10.3% year on year, with the number of properties falling to 37,179.

Sydney house prices went up 1.5% and 0.4% for units over July.

Median Perth house prices fell 4.2% over the year, and units 1.2%1.2% for units. Darwin unit asking prices are down 7.9%

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July monthly residential listings up nationally: SQM Research

 

Click to enlarge

July monthly residential listings up nationally: SQM Research

 

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

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APRA Residential Listings

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