Melbourne hit by fresh 2016 listings while Sydney still has plenty of 2015 leftovers

Melbourne hit by fresh 2016 listings while Sydney still has plenty of 2015 leftovers
Melbourne hit by fresh 2016 listings while Sydney still has plenty of 2015 leftovers

Melbourne vendors have rushed the 2015 market place.

But Sydney's number of new listings for the week ending January 31 is down on last year, according to the latest figures from CoreLogic RP Data.

The Melbourne fresh offerings are up 23.8 percent on their number of new listing from this time last year with just over 7,000 new listings.

Sydney remain in negatives figures having only managed just over 5,000 new listings, a 5.1 percent decrease from 12 months ago. But Sydney has more left over stock from late last year.

Melbourne didn't top the chart on fresh listings however as Brisbane were up 26.9 percent since and Adelaide 33.4 percent.

Property Observer wrote about Melbourne's much higher clearance rate start to 2016.

Neither were the highest however, Canberra had the highest clearance rate at 77.8 percent for their 27 auctions. 

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Melbourne hit by fresh 2016 listings while Sydney still has plenty of 2015 leftovers

 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

Tags: 
Melbourne Property market

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