16/10/2014 - 06:30

This week's property round-up

16/10/2014 - 06:30

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A second weekly increase in reported activity signals the seasonal lift in the market in October is underway which is also reflected in a healthy rise in listings.

This week's property round-up

A second weekly increase in reported activity signals the seasonal lift in the market in October is underway which is also reflected in a healthy rise in listings.

Overall, reported sales were up 9% this week to their highest level since July.

Houses sales continue to trend up from a mid-September low of 504, increasing a further 11% this week and 25% above the cyclical low.

However, reported multi-residential activity slipped back 11% to its lowest level since April whilst the small land component had a 28% increase this week.

Listings have pushed through the 11,000 mark following a 3% increase which has taking it back to November 2012 levels when stock was trending down as sales picked up across 2012.

The rental market appears to have reached some stability after two years of growing stock with listings hovering around 5,900 whilst reported new leases of 4,700 for the past 4 weeks were unchanged.   

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