The variety of properties newly listed on the market nationally fell over the previous week in comparison with the earlier week, which was clearly influenced by the Victorian lockdown considerably constraining Melbourne’s new vendor exercise.

Though weekly nationwide new listings for established properties had been down by 2.1%, the variety of new listings recorded to date this 12 months stays 7.1% greater than over the identical interval final 12 months.

Melbourne’s new listings fell sharply by 26.0% over the week clearly on account of native lockdown insurance policies, with Brisbane and Adelaide additionally down, falling by 2.1% and seven.9% respectively.

Sydney weekly new listings nonetheless elevated by 2.1% with Perth up sharply by 13.4%.

Sydney has recorded the best variety of new listings for established properties over the primary three weeks of February – 5.1% greater than lockdown-impacted Melbourne and 40.2% greater than Brisbane.

Newly Listed

Newly Listed 2

Total Newly Listed

Though there are some early indicators of a decline in latest sturdy new listings progress, sellers may be anticipated to proceed to make the most of present sturdy purchaser competitors for property and the clear prospect of upper costs.

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Dr. Andrew Wilson

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