News

October 27, 2016

With new property listings down now could be the perfect time to sell

NOW could be the perfect time to list your home for sale with new property listings down but demand still strong.

The number of newly advertised properties added to the market nationally within the past 28 days was down 1.1 per cent on the same time last, although the drops were much more substantial in some capital cities.

CoreLogic revealed new and total listings numbers had started to rise slightly but found they were still lower than levels a year ago.

Across the combined capital cities there were 28,846 newly advertised listings over the past 28 days which was 3.6 per cent lower than the same time last year.

Darwin experienced the biggest drop in new listings of 19.6 per cent, followed by Sydney which was down 16.2 per cent and Hobart down 5 per cent.

Canberra new listings dropped by 4.6 per cent and Melbourne levels were down 4.2 per cent.

Listings actually increased in Brisbane by 10.3 per cent and Perth by 14.2 per cent.

Raine and Horne executive chairman Angus Raine said new listings had started drying up around February this year.

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