Clearance Rate: A wrap of the nation’s property market for the week ending October 18th.
BUYERS may soon have more properties to choose from with the latest figures revealing a peak in the number of people preparing to put their property on the market.
Figures reveal RP Data’s listing index — which tracks the amount of real estate agent activity such as preparing pre-listing reports — was 11 per cent higher in September.
Newly listed 142 Padstow Rd, Eight Mile Plains will be auctioned on November 15. Picture: realestate.com.au
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Generally a few weeks after the report those figures are reflected in properties listed for sale.
The index will now taper a little as the market moves into the second half of spring, but it will still remain high.
The lift in listings is already playing out in the Victorian auction market with almost 1800 properties expected to go under the hammer this week.
New South Wales has also just pushed over the 1000 property market, with 1001 homes scheduled for auction.
New listing, 91 Fitchett St, Garran in the ACT is set for auction on November 15. Picture: realestate.com.au
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There are 103,000 properties being advertised for sale across the capital cities, of which 30 per cent, 30,890, have been added to the market in the past four weeks.
New listings are almost 3.6 per cent higher than a year ago across the combined capital cities with Brisbane recording the biggest jump in new listing numbers compared with a year ago.
A newly listed unit at 702/20 Hindmarsh Square, Adelaide is listed for $710,000. Picture: realestate.com.au
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There are 14.9 per cent more newly advertised properties in Brisbane than at the same time last year.
Adelaide has also seen a substantial jump with 12.2 per cent more new listings compared with a year ago.
The number of newly advertised properties is lower than a year ago in Melbourne, -2.3 per cent, Darwin, -4.2 per cent and Canberra, -9.3 per cent.
A newly-listed three-bedroom home at 213 Langridge St, Abbotsford in Victoria will be auctioned November 15. Picture: realestate.com.au
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