NSW and Victoria lead new listings activity: RP Data

New South Wales has led all other Australian states for new residential property listings in the month to June 2, according to RP Data.

New South Wales had 11,720 new listings, while Victoria had the second most with 10,982.

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.