23/10/2014 - 05:18

This week's property round-up

23/10/2014 - 05:18

Bookmark

Save articles for future reference.

The excitement of increased activity in recent weeks has seen more vendors bring property to the market with listings jumping by a further 490 or 4% this week to 11,598, the highest level since mid-July 2012.

The excitement of increased activity in recent weeks has seen more vendors bring property to the market with listings jumping by a further 490 or 4% this week to 11,598, the highest level since mid-July 2012.

The increase in stock has been across the board with land listings pushing up by 7% or 101 and back through the 1,500 mark.

Softening first home buyer activity which may have influenced an 8% fall in reported sales may have also contributed to the increased stock as house sales fell back 12% to 559, a similar level to two weeks ago with the small land component down 30%.

Last week’s dip after 4 weeks of increasing activity highlights the volatility of weekly activity but data for the past two years indicates stronger sales generally across October and November which are punctuated by the occasional weekly fall.

Rental listings continue to remain around the 5,900 level.

  

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options