Sell with Confidence
Read More
News

New listings rose in July

By Rachel Wallace

Great news for buyers, new listings grew 3.1 per cent across Australia in July.

This slight increase is unusual for the mid-winter month when there’s not usually many new properties to buy. While the rise in new listings is positive, July’s listings were still down on levels seen in the last two years, down 10.5 per cent on July 2022. Month-on-month comparisons were favourable across much of the country, with Melbourne and Sydney reporting big jumps in the numbers of new properties for sale.

Total listings saw falls compared to a year ago, though there were slight increases compared to June 2023.

Hobart reported large growth of listings available in the last year with a 39.2 per cent increase, while regional Australia also saw more listings sit on the market, with an overall increase of 10.6 per cent in the regions. Falling new listings and increasing old listings are a good demonstration of a market slowing down in activity.

Ray White’s listing authorities (the point at which a seller has signed to Ray White but the listing is not yet advertised) have had a strong month of growth.

Authorities are seen as a strong leading indicator for future listings, with a lead of about a week before authorities become listings visible on the market. Listing authorities in July suggest a strong month to come in August, as the trend of falling listings starts to reverse.

Up to Date

Latest News

  • Carlene Duffy’s simple ways to improve your home in 2024

    I know you’ve all been doing what I’m doing in that dreamlike time over the holiday break, when you have space in your head to conjure up plans and you’re rejuvenated enough and are feeling ambitious. You’ve been making a mental list of all the things you want to do … Read more

    Read Full Post

  • How to save time and money on a home renovation

    No matter its size or style, a home’s floor plan holds infinite potential. By reworking its existing spaces through making structural changes, rearranging layouts, incorporating new elements or maximising underutilised spaces, you can significantly transform a home’s aesthetic and functionality without requiring extensive renovations. “We have had many enquiries from … Read more

    Read Full Post