Property listings surge during November
More Australians are seeing now as a good time to sell up, with recent figures showing an influx of ...
More Australians are seeing now as a good time to sell up, with recent figures showing an influx of residential property listings during November.
Data from SQM Research revealed real estate stock numbers were up by 4.9 per cent last month - bringing the total number of dwellings for sale around the nation to 363,436.
"This month's data is particularly interesting when compared to the corresponding period of the previous year (November 2011), which indicates a 0 per cent change year on year and a mere difference of ten listings," SQM Research said in a statement released yesterday (December 11).
"This reaffirms the notion of the seasonal effect when it comes to stock levels - as there is usually an influx of sales listings at this time of year."
Perth recorded the largest increase during November with a 10.4 per cent increase, followed by Canberra with 9.2 per cent, Sydney with 7.7 per cent and Hobart with 6.4 per cent.
With interest rates sitting at a record-low three per cent, the figures indicate that more Australian homeowners view now as an ideal time to put their property on the market.