Sydney has yearly listings rise of 37 percent: SQM
Residential property listings nationally increased 4.1 percent during April 2016 from March according to the latest research from SQM.
Sydney had a yearly listings rise of 37.8 percent from a total of 19,648 to 27,080 with sale listings up 15.1 percent in Canberra for the same time period.
SQM Research managing director Louis Christopher said Hobart recorded the biggest yearly change, with sale listings falling by 5.2 percent.
“Stock on market has materially increased for Sydney, indicating the slowdown is still occurring in the market. Buyers now have much more choice of homes compare to this time last year,” he said.
"Year-on-year results reveal Melbourne median asking prices have risen 14.4 percent for houses and 5.1 percent for units compared to this time last year.
"Sydney has also experienced yearly changes with median asking prices for houses climbing 5.3 percent and 6.4 percent for units."
