LIFT OFF FOR NEW LISTINGS, AS AUSTRALIA’S SPRING SELLING SEASON BEGINS IN EARNEST

Freshly listed housing stock is starting to lift as the spring selling season begins to heat up. 

Every Australian capital city has seen a lift in the number of new real estate listings over recent weeks, with some of the largest listing increases recorded in those capitals navigating lockdown. Despite this, the new listings trends remain below the five-year average in every capital apart from Adelaide, Perth and Darwin. 

Nationally, new listings bottomed out over the four weeks ending September 5th with just 31,731 new listings added to the market, the lowest volume since the seasonal low in January this year. While new listings have since lifted by 9.8%, the number of new listings is currently -21.6% lower than the recent high in March and -3.9% below the five-year average for this time of year.

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