Modest rise in national residential listings, with Perth and Hobart going against the trend: SQM

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.

 

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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

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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