Are owners "enticed" to sell?

The increase in listings in July seems to indicate an increase in homeowners' interest in selling their homes, according to an expert.

National listings rose 3.8% in July, with all capitals except Darwin reporting an increase in the number of homes for sale, latest figures from SQM show Research.

Of all the capital cities, Sydney recorded the strongest growth at 8.7%, followed by Canberra by 6.4% and Melbourne and Brisbane by 5.9%.

On an annual basis, registrations jumped in Melbourne, which reported an increase of 20.7%. Sydney also posted substantial annual growth in registrations of 10.7%.

Louis Christopher, managing director of SQM Research, said it seems "somewhat abnormal" for registrations to increase during the winter months.

"Normally falls are recorded. This could have been generated by the lifting of restrictions in May and June, attracting sellers to the market," he said.

Christopher said the annual increases in Sydney and Melbourne also indicate a weakening of the market, especially in the latter, which was recently put under lock and key again due to the increase in COVID-cases. 19. This could mean that prices are likely to continue to fall over the next few months.

"Outside of the two capitals the market is more balanced and we are actually seeing an increase in demand for housing in the region of Australia," he said.

The value of national houses fell 0.6% in July, according to the latest report from CoreLogic. Melbourne led the decline, with its median falling 1.2% in the month.

"The extent to which this causes further downward pressure on house prices depends on how the Australian economy is moving at that time. New virus outbreaks present a clear and current danger for the depth and duration of the recession, and the performance of the housing market, "said Tim Lawless, research manager at CoreLogic.

The table below shows the evolution of registrations in July:

Top suburbs:

Narara

,

queens park

,

Rockville

,

Collingwood

,

fern ravine

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