News Modest rise in national residential listings, with Perth and Hobart going against the trend: SQM
Modest rise in national residential listings, with Perth and Hobart going against the trend: SQM
Jonathan ChancellorDecember 7, 2020
The level of residential property listings around the nation rose minimally during the month of October, with national stock levels increasing by 1.5% and coming to a total of 347,056 according to recent figures released by SQM Research.
This figure represents a decrease of 3.5% when compared to the corresponding period of the previous year, October 2012.
Sydney has once again recorded the most substantial yearly decrease in stock levels, falling by 17.3% over the past year to a total of 24,683.
Canberra recorded the highest monthly rise in listings, increasing by 5.9% during October and coming to a total of 3,547.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.