13/11/2014 - 05:59

This week's property round-up

13/11/2014 - 05:59

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Total reported sales activity has remained virtually unchanged for three weeks with only minimal variations in house sales whilst the fall in multi- residential sales this week was replaced with a lift in land sales.

This week's property round-up

Total reported sales activity has remained virtually unchanged for three weeks with only minimal variations in house sales whilst the fall in multi- residential sales this week was replaced with a lift in land sales.

Whilst this increase is significant, it is made more dramatic due to the 5% slide across the previous September quarter.Listings continue their upward march and are now up 23% since the start of the quarter.

Over the past 10 years we have seen larger increases across a quarter including 84% in September 2006 as stock nearly doubled from the historic 4,800 low in June 2006.

The December quarter in that year also a further 29% increase as stock lifted to 11,400.

We also saw a 31% increase in March 2008 as the GFC hit and listings climbed to 17,600.

This week has also seen a 5% increase in rental listings back to just over 6,000.

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