WA and Tassie lead new listings activity: RP Data

Western Australia and Tasmania led the way for new listings activity over the month to June 16, according to RP Data.

Tasmania saw a seasonally adjusted increase in new listings of 0.9%, while Western Australia had a 3.6% rise.

The RP Data Listings Index provides a lead indicator for the number of residential dwellings that are being prepared for sale across the Australian housing market.

RP Data customers account for over 70% of all listings in the Australian property market.

The index, which tracks the flow of metadata across RP Data’s real estate data platform, shows a 75% correlation with the number of new listings about to enter the market.