VIC and QLD lead new listings activity: RP Data
Nicola TrotmanDecember 7, 2020
Victoria and Queensland led the way for new listings activity over the month to July 28, according to RP Data.
Victoria saw a seasonally adjusted increase in new listings to 10.5%, while Queensland had a 6.3% change.
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.
Nicola Trotman
With a penchant for the written word, Nicola has built a career doing just this – now Creative Director at thriving Melbourne-based PR agency, Greenpoint Media.