Real estate listings jump in August

Other residential properties were sold in August, with listings rising 2.9% per month, according to SQM Research figures.

The number of national residential property listings increased from 316,391 to 325,693 in July. However, registrations decreased by 2.1% on an annual basis.

All states recorded monthly growth in listings, with Melbourne registering the largest increase at 6.7%. The Victorian capital also recorded the highest number of property listings for the month, with 37,671 people.

On an annual basis, Sydney recorded the largest decline, at 15.3%. The impact of this crisis was mitigated by strong gains in Canberra and Hobart.

The table shows the increase in the number of registrations in each state in August:

House prices are on the rise
Prices for capital homes increased slightly by 1% during the month to $ 928,800. Prices charged to the unit, however, decreased by 1% to $ 560,500.

Melbourne home prices and unit prices increased by 0.1% and 0.4%, respectively, during the month. Hobart also recorded real estate price growth and unit prices of 0.5% and 4.2%.

Compared to the previous year, the prices demanded by the capital recorded decreases of 1.5% for houses and 2.3% for units.

The table below shows the changes in the prices charged in each state:

Top suburbs:

coolbellup

,

the basin

,

spearhead

,

Tuart Hill

,

Millner

Get help for your real estate investment

Do you need help in finding the right loan for your investment?

When you invest in real estate, it is important to make sure that you do not only have the lowest available rate that you can get, but you also have the features of ready adapted to your needs. What features or types of loans are suited to your needs? We will even help with the paperwork. In addition, an appointment is free.

We value your privacy and treat all your information seriously – you can check
our privacy policy here

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.