Home
  • plan
  • Invest
  • Property
  • enquire now
  • Learn
Home
DPN
  • plan
  • Invest
  • Property
  • enquire now
  • Learn

'Alarming' rise in house listings: SQM

Housing stock on market has seen a significant rise in September, erasing a shock decline in August.

TAGS

Beginner (575) / Intermediate (540) / Expert (564)

Housing stock on market has seen a significant rise in September, erasing a shock decline in August.

New figures from SQM Research show listings rose 5.6% month-on-month for September, putting national listings 24.2% higher than a year ago. Every capital city apart from Darwin saw a rise in listings, with Sydney experiencing the most significant influx of stock. Listings for Sydney rose 12.9% for the month.

Melbourne also experienced a significant surge in stock levels, with listings climbing 11.4% in September. The city has seen the greatest year-on-year rise, as stock levels are now 65.3% higher than last year.

SQM Research managing director Louis Christopher said a rise in listings was expected during the Spring selling season, but that listings were well above numbers recorded last year. He said the result for Melbourne was "particularly alarming".

"It is possible the numbers might have been skewed by the October long weekend in that listings were brought forward. Still, it represents what I now regard as a massive oversupply situation for the city, and I believe it will translate to further house price falls from here," Christopher said.

Christopher commented that rises in stock for Brisbane, Perth and Hobart were lower than anticipated. Brisbane saw a 4.1% increase, with Perth stock rising 1.6% and Hobart listings up 1.8%. He said the result could indicate "we are closer to the bottom in that market than what we anticipated".

 


Follow us on Twitter for more news, tips and inspiration.
Like us on Facebook and Google+ explore our Pinterest boards.

Like this article or found it helpful? Share it!

Newsletter

Receive our articles directly to your inbox

Next article

First home buyers eye NSW unit market

Go to articles list

Programs

Work with us
Giving back
Become an affiliate
Refer a friend
Help desk
Property Management
Finance

Locations

Head office
Australia
Hong Kong
Singapore

Contacts

Toll free in Australia
P. 1300 723 318
Outside of Australia
P. +61 2 9525 2033

Social Media

Newsletter

Terms of use | Privacy policy | Guarantees

This information is provided by DPN Pty Ltd ABN: 94 630 700 186 Australian Credit Licence 514759. DPN Finance Pty Ltd is an authorised credit representative 504129 and related entity of DPN. Credit for Dream Big 100% Offset and Work Smart 100% Offset is provided by Adelaide Bank a division of Bendigo and Adelaide Bank Ltd, ABN 11 068 049 178 and Australian Credit Licence 237879. Casa Capace Operations Pty Ltd, NDIS provider number 4050038018 trading as Casa Capace.