A lack of listings means winter is the perfect time to sell your property
2015-07-08New figures from CoreLogic RP Data reveal that the number of properties listed for sale is down on this time last year.
Fewer properties on the market means more potential competition, particularly as interest rates remain low and buyers are looking to invest.
According to CoreLogic RP Data figures the number of houses which sold increased by 2.1 per cent in the 12 months to March with 357,972 houses changing hands.
Unit sales dropped by 8 per cent during the same period to140,246, although the report said off the plan sales weren't counted until they settled so it was expected that figure would be revised upwards in the future.
Despite an increase in new listings, the total number of homes listed for sale is much lower than it was at this time last year with 3.9 per cent fewer listings nationally and 6.5 per cent fewer listings in the combined capital cities.
Listings in Sydney were down 19.1 per cent on last year with 16,614 properties for sale, Melbourne was down 14.6 per cent to 26,225, Brisbane was down just 0.7 per cent to 18,260, Adelaide listings dropped 6.9 per cent to 7251, while Hobart listings dropped 6.9 per cent to 2827.
Perth and Darwin were the only capital cities to have more properties listed for sale than at this time last year.
Darwin listings jumped 28.8 per cent to 1556, while in Perth listings jumped 14.8 per cent to the highest levels in the Australia of 20,198
Source :news.com.au
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