Spring's fresh listings create fifth consecutive weekly national boost: RP Data

The number of fresh property listings is up, according to the first data on spring sales listings released by RP Data.

The total number of new listings has increased for the fifth successive week, jumping to 43,624 properties across the country.

Source: RP Data

“As spring progresses the increase in new listings is likely to continue each week,” the report finds.

While the number of new listings has risen across Australia, the number remains well below that of a year ago.

New listings are 10.6% lower nationally and 13.6% lower across the combined capital cities for the year.

New listings in Queensland, WA, NT, ACT and Tasmania are all above levels one year ago, but the number is down in NSW, Victoria and South Australia.

The total number of homes advertised for sale across Australia increased slightly last week after eight consecutive weeks of falls.

Last week there were a total of 279,882 homes listed for sale nationally and 126,936 properties across the combined capital cities.

“Total listings remain higher than they were at the same time last year however, the differential has been moderating over recent weeks,” the report finds.

“At a national level, total listings are 4% higher than they were a year ago while across the combined capital cities they are just 0.1% higher.”