Invest
Spring selling sees east coast boom
The latest figures show spring has finally sprung for Australia’s property market as sellers enter the market.
Spring selling sees east coast boom
The latest figures show spring has finally sprung for Australia’s property market as sellers enter the market.
SQM Research has revealed a 2 per cent increase in listings across the country, with data showing 318,874 new listings hit the market in October across the country from 312,754 listings in September.
The October improvement is “a fairly normal phenomenon during the spring selling season”, according to Louis Christopher, managing director of SQM Research.
He also highlighted the stronger performances seen across Australia’s two largest cities.
“Sydney and Melbourne have larger counts of new listings compared to this time last year, which should please real estate agents. Old stock still appears to be declining but remains at somewhat elevated levels,” Mr Christopher noted.
Despite stellar Sydney and Melbourne stocks, all states experienced an increase in property sales listings over the month, except for Darwin.
Capital city average asking prices have decreased marginally by 0.7 of a percentage point for houses but increased by 0.3 of a percentage point for units over the period. Average asking prices for houses are now $935,400 while units average at $570,100.
Sydney
Sydney experienced the highest increase percentage for October listings across all major cities, up by 4.2 per cent. Listings are still well short of last year, but down by 19 per cent from 12 months ago.
Sydney’s median asking price for houses had decreased by 1.6 per cent, but there was a 0.7 of a percentage point increase for units. Median price for houses is now $1,283,900 in Sydney, while a unit will set investors back $702,700.
Canberra
Canberra’s October sales listings volume increase was not far behind Sydney, posting a 4.1 per cent increase for the month.
The price of a house in Canberra is slightly down – 0.9 of a percentage point – and now sits at $802,000.
Unit asking prices also fell by 1.8 per cent to $433,500.
Melbourne
Australia’s second largest city saw a 3.7 per cent increase in listings volume from September.
Melbourne’s current median house price is now marked at $955,600 for houses, still sitting below its $1.008 million high in April 2018.
Units in Melbourne are now setting buyers back an average $547,300.
Brisbane
Volume growth was more subdued in Brisbane but still improved by 1.9 per cent compared with September.
Brisbane’s median house price increased by 0.8 of a percentage point and has continued its upward growth trajectory that began back in 2009, with the average asking price now sitting at $631,800.
Perth
The west-coast capital saw stronger listings growth, moving up by 2.7 per cent.
The marked increase in supply did not hurt selling prices, which also lifted by 0.7 of a percentage point.
The average asking price is now up at $654,600.
The same cannot be said of units, which are now down by 0.3 of a percentage point for the month and sitting at $377,400.
Hobart
One of Australia’s property hotspots, Hobart had a marginal increase in listing volumes over the month, at 0.8 of a percentage point.
Values have continued to perform strongly, with asking prices for houses increasing by 1.3 per cent for the month to $528,600 while units increased by 4.8 per cent for the month to $346,800.
Adelaide
Favourable market conditions attracted sellers in Adelaide, with the capital experiencing a 3.4 per cent increase in stocks for properties selling, according to the data.
This had led to stronger asking prices, with the average house increasing by 0.2 of a percentage point for the month to $517,900, while the price had also increased by 1.4 per cent to $301,300.
Darwin
Listings in the far north have not been able to capitalise on the favourable market conditions seen elsewhere, with volumes dropping by 2.4 per cent over October.
The lack of supply has not had the effect of increasing asking prices either, with house values falling by 0.4 of a percentage point for the month to $586,000 and units falling by 8.6 per cent to $319,500.
RELATED ARTICLES
About the author
About the author
Property
Australia’s rental choke point: why record-low vacancies are now a boardroom issue
A tightening rental market is no longer just a housing story—it’s a macro risk, a labour challenge and a strategic opening for capital. With vacancies near historic lows and rents still rising, ...Read more
Property
Rents are rewriting the inflation playbook: what record‑low vacancies mean for Australian business
Australia’s rental market is so tight that housing costs are now a primary transmission channel for inflation and interest rates. This isn’t just a property story; it’s a business risk story—affecting ...Read more
Property
Off-market real estate is going mainstream — and changing the rules of dealmaking
With public listings tight and sales still climbing, Australia’s investors are shifting to off-market channels that reward speed, networks and data advantage. The playbook is closer to private equity ...Read more
Property
Australia’s rental squeeze is now a business problem: inflation, capacity and the new growth calculus
Record-low rental vacancies are no longer just a social headline – they’re reshaping cost structures, wage dynamics and capital allocation across corporate Australia. With economists warning of a ...Read more
Property
Rents Are Repricing Australia Inc: What record‑low vacancies mean for inflation, talent and strategy
Australia’s rental market has slipped into a vacancy desert, and it’s not just tenants feeling the heat. Persistently tight supply is pushing up rents, embedding services inflation and complicating ...Read more
Property
Young buyers poised for a comeback as 5% First Home Guarantee takes effect
In a move set to reshape the Australian property landscape, the government’s revamped First Home Guarantee is poised to open the doors of homeownership to a new generation of young AustraliansRead more
Property
AFG Securities waives settlement fees for first-home buyers, signalling strategic shift
In a strategic move aimed at easing the financial burden on first-home buyers, AFG Securities has announced the elimination of settlement fees on select loans, potentially saving customers up to $699Read more
Property
From trust woes to wealth: Australian agencies' secret to boosting prices
In Australia’s residential market, trust is no longer a nice-to-have—it’s a pricing variable. Persistent distrust of real estate agents is depressing vendor outcomes and inviting regulatory heat, but ...Read more
Property
Australia’s rental choke point: why record-low vacancies are now a boardroom issue
A tightening rental market is no longer just a housing story—it’s a macro risk, a labour challenge and a strategic opening for capital. With vacancies near historic lows and rents still rising, ...Read more
Property
Rents are rewriting the inflation playbook: what record‑low vacancies mean for Australian business
Australia’s rental market is so tight that housing costs are now a primary transmission channel for inflation and interest rates. This isn’t just a property story; it’s a business risk story—affecting ...Read more
Property
Off-market real estate is going mainstream — and changing the rules of dealmaking
With public listings tight and sales still climbing, Australia’s investors are shifting to off-market channels that reward speed, networks and data advantage. The playbook is closer to private equity ...Read more
Property
Australia’s rental squeeze is now a business problem: inflation, capacity and the new growth calculus
Record-low rental vacancies are no longer just a social headline – they’re reshaping cost structures, wage dynamics and capital allocation across corporate Australia. With economists warning of a ...Read more
Property
Rents Are Repricing Australia Inc: What record‑low vacancies mean for inflation, talent and strategy
Australia’s rental market has slipped into a vacancy desert, and it’s not just tenants feeling the heat. Persistently tight supply is pushing up rents, embedding services inflation and complicating ...Read more
Property
Young buyers poised for a comeback as 5% First Home Guarantee takes effect
In a move set to reshape the Australian property landscape, the government’s revamped First Home Guarantee is poised to open the doors of homeownership to a new generation of young AustraliansRead more
Property
AFG Securities waives settlement fees for first-home buyers, signalling strategic shift
In a strategic move aimed at easing the financial burden on first-home buyers, AFG Securities has announced the elimination of settlement fees on select loans, potentially saving customers up to $699Read more
Property
From trust woes to wealth: Australian agencies' secret to boosting prices
In Australia’s residential market, trust is no longer a nice-to-have—it’s a pricing variable. Persistent distrust of real estate agents is depressing vendor outcomes and inviting regulatory heat, but ...Read more
